Vice President U Myint Swe

Illegal trade takes a heavy toll on country’s economy

October 30, 2018 by Thiha

Smuggling and illegal trade continue to be a major problems for the country’s economy, says the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). According to the Business Sentiment Survey issued by UMFCCI in May, illegal trade stands at sixth among the top 10 issues hampering the country’s economy. The survey was […]

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Retailers flag need to regulate e-commerce industry

July 16, 2018 by Thiha

The Myanmar Retailers Association last week submitted a request to regulate the e-commerce industry to Vice President U Myint Swe and the government’s Private Sector Development Committee during a meeting between the latter and local businesses. Retailers say that while a rising number of consumers are now purchasing goods from individuals and businesses online, many […]

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Govt Sticks to Courageous Target as Myanmar Slips Down in World Bank’s Doing Business Rankings

February 8, 2018 by thiha

Myanmar is in fact slipping further away from the govt’s target of reaching top 100 in the Doing Business index by 2020. It remains to be seen how Nay Pyi Taw could deliver this commitment. DESPITE the fact that Myanmar has fallen one place last year in the World Bank’s Doing Business rankings, Nay Pyi […]

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Banking on Satellite Communications

January 16, 2018 by thiha

Richard Bowles, regional managing director for ASEAN at Arianespace, which launches satellites, is convinced banks’ struggle to reach Myanmar’s unbanked population will end with the launch of its first satellite, slated for some time next year. “Satellites are an important part of a country’s economic development. Looking at Myanmar’s satellite leasing capacity, it’s a good […]

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SMEs voice frustration over confusing government policies as challenges mount

October 23, 2017 by Thiha

Small and medium enterprises (SMEs) are still struggling to compete and expand five years after U Thein Sein’s former government established a central committee to support the sector and after the Central Bank of Myanmar recently permitted banks to approve loans without collaterals. On top of limited access to capital, insufficient supporting infrastructure, high taxes […]

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Peace process is the way forward

October 19, 2017 by Thiha

The government will not back down from the peace process despite the hardships it faces getting all ethnic armed groups to the negotiating table, State Counsellor Daw Aung San Suu Kyi said Sunday at the second anniversary of the signing of the Nationwide Ceasefire Agreement (NCA). “It is the second anniversary of the signing. There […]

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Shan businesses press for Mandalay-Muse route revamp

September 27, 2017 by Thiha

THE business community in northern Shan State urged the government to take measures concerning trade promotion and economic development, which includes upgrading the Mandalay-Muse highway, at a meeting with Vice President U Myint Swe. The Mandalay-Muse highway is the main route for the country’s border trade, according to the Hong Kong Trade Development Council. A […]

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Myanmar-HK ties boosted by CE visit

September 20, 2017 by Thiha

On September 15, she met with senior Myanmar government officials in Nay Pyi Taw. Mrs Lam first met with State Counsellor Daw Aung San Suu Kyi. The chief executive said that this is the first ever official visit by the chief executive of the Hong Kong Special Administrative Region (HKSAR) since the city’s return to […]

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Myanmar to learn from Malaysia on ease of doing business

September 13, 2017 by Thiha

In order to raise its rank on the World Bank’s ease of doing business index, a Myanmar delegation recently visited Malaysia, which is much higher on the index, to study the situation there. Their findings will be reported to the ministries and Vice President, said U Aung Soe, director of the Myanmar Trade Promotion Team. […]

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Yangon Regional Government Re-Confirms Proposed Agriculture Master Plan

August 8, 2017 by Thiha

Yangon’s Chief Minister stressed the importance of increasing the distribution and export of vegetables as part of the Region’s famed agriculture master plan at a meeting of the chamber of commerce. Announced in early 2017,Yangon’s Chief Minister re-affirmed the master plan at a July 20 UMFCCI meeting alongside Vice President U Myint Swe before local […]