The government has blamed ‘hollow transactions’, re-exports and a lack of control over the informal market for the depreciation of the kyat—but the business community disagre
26 The News For 26 September 2018
The National Planning Law calls for drastic changes across a number of sectors in a move to abate high inflation rates and accelerate the growth of the economy.
Speaking at an investor forum in Singapore, the DICA official said last year saw the lowest rate of foreign investment in Myanmar since 2013.
Lawmakers want to know more information on the conditions of the $61.8 million loans that will be used on infrastructure projects supporting the Korea-Myanmar Industrial Complex.
A survey conducted by UMFCCI shows stifling costs, currency depreciation and red tape is making conducting business here ever more challenging.
In a meeting with Daw Aung San Suu Kyi, businesspeople says reducing the rates will attract investors and boost the economy.
The meeting was organized following complaints by members of Myanmar’s business community about chronic losses during the current economic slowdown.
Prices rise 7.56 percent during the period, compared to 4.45 percent last year, statistics agency says
Private banks and exchange counters no longer have to trade within the official band in a move meant to help prevent price manipulation and settle recent fluctuations.
Improvements to the livestock export industry could raise tax revenues and create employment opportunities, said U Kyaw Htin.
The Irrawaddy’s graphics illustrate the findings of DICA’s latest business survey
Conflicts and rising land prices are the main obstacles to expanding acreage
The regulations are meant to help firms navigate the Myanmar Companies Law with instructions on online registration, corporate constitutions, capital structures and more.
U Set Aung said Myanmar will endeavor to take on no loans from China to see the project completed, amid ongoing talks to renegotiate its deal with the developer.
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