News that the world's two biggest economic powers, currently locked in a trade war, were showing a willingness to negotiate boosted investor sentiment after a worrying week.
18 The News For 18 August 2018
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.
U Set Aung's appointment comes amid the government's efforts to renegotiate its agreement with the project's Chinese developer to give Myanmar a larger stake.
Myanmar and Chinese companies lead the way in filing EoIs for Yangon ring-road
The Irrawaddy spoke with DICA Director U Aung Naing Oo about the main changes in store under the new law, foreign investment prospects and the business landscape heading forward.
DICA said it would release regulations relating to the new Companies Law before it takes effect on Aug. 1 with instructions on how to register and follow the rules.
NLD-led administration not putting the right people in the right jobs, the private sector believes
Come August, a new Companies Law will make it easier for foreign investors to do business in Myanmar. But the Rakhine crisis and civil war are scaring many of them away.
Critics say plan for Yangon’s National Races Village is driven by pursuit of profit, not a desire to aid ethnic communities.
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