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
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.
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.
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