KB Kookmin Bank, one of South Korea’s top four banks, is interested in expanding its presence in Myanmar with more financial products and services, especially in the areas of providing financing for housing and small-and-medium enterprises (SMEs). KB Kookmin’s chief representative in Yangon, Kim Chang-woo, said the bank “is considering expanding its business in Myanmar […]
Business group vows to help 7000 Yangon workers get ID cards
October 4, 2018 by
The Union of Myanmar Federation of Chambers of Commerce and Industry vowed to help some 7100 workers in Yangon Region’s 14 industrial zones to get their national registration cards (NRCs), a senior executive of the organisation said. Daw Khine Khine Nwe, associate general secretary of the federation, said yesterday that his group will secure the […]
Yangon to Take Part in Upgrading of Industrial Zones
February 8, 2018 by
The Yangon Regional Government will upgrade the industrial zones located within Yangon Region to encourage further investments and development, U Phyo Min Thein, the region’s Chief Minister said during a meeting at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry late last week. There are 29 industrial zones […]
Government Reaffirms Commitment to Labour Market Reforms
January 27, 2018 by
Representatives of the Myanmar government, employers, workers, civil society and international partners on Wednesday gathered for the third time since 2015 in a forum to discuss the progress and challenges faced in an ongoing effort to implement labour market reforms. Taking place in Nay Pyi Taw, the forum was held as part of the ‘Initiative […]
Finance Minister Admits Economy is Underperforming
December 27, 2017 by
NAYPYITAW — Planning and Finance Minister U Kyaw Win has admitted that Myanmar’s economy has not improved as well as expected, six months after he compared the country’s economy to a jet plane about to take off. “There are suggestions that the country’s economy has not picked up as we expected. Considering the current situation, we […]
Myanmar Allows Import of U.S. Corn
December 23, 2017 by
Myanmar imposed new pest risk analysis requirements for imported plant-related commodities, including U.S. corn, on Jan. 1, 2017. Under the new directive, the Myanmar Plant Protection Division (PPD) prohibited the import of plant and plant-related products unless the exporting country provided this new information, which includes how the country deals with pest outbreaks and is […]
