Economy and commerce
KBZ and Microsoft sign tech deal
Microsoft has signed an agreement with Kanbawza (KBZ) Group of Companies, which the US company calls its largest IT tie-up in Myanmar to date. The multi-year corporate agreement represents a significant commitment to the Myanmar market, even as some investors employ wait-and-see attitudes around the question ...
Myanmar Central Bank official responds to NLD’s call for greater autonomy
To encourage an autonomous Central Bank of Myanmar (CBM) is one of the priorities outlined by the National League for Democracy (NLD) in its draft economic policies, but officials say they are already on the right track. The draft will likely be used as a basis ...
Myanmar grants more firms to invest this month
Myanmar Investment Commission (MIC) has granted 17 local and foreign firms to make investment in the country this month, sources with commission said on 22 September. Keep reading ...
E-commerce makes great contribution to Vietnam's growth
After five years of implementation of the General Plan to Develop Electronic Commerce 2011-15, e-commerce has contributed greatly to Vietnam`s socio-economic growth. A new general plan for the next five years, to be released by the Ministry of Trade, was discussed at the seminar “Policies for ...
E-commerce makes great contribution to Vietnam's growth
After five years of implementation of the General Plan to Develop Electronic Commerce 2011-15, e-commerce has contributed greatly to Vietnam`s socio-economic growth. A new general plan for the next five years, to be released by the Ministry of Trade, was discussed at the seminar “Policies for ...
Ride-sharing apps vie to replace private car ownership in Vietnam
A young, tech-savvy population short on cars but big on smartphones is driving double-digit growth for ride-hailing apps Uber and GrabTaxi in Vietnam, and inspiring some executives to dream of replacing private car ownership altogether. Uber launched its service in Vietnam last year and says Ho ...
ASEAN Economic Community and impacts on Hanoi’s socio-economic development
Hanoi Institute of Socio-economic Development and Economic and Urban Newspaper together hold a city-level scientific workshop named “ASEAN Economic Community and impacts on Hanoi’s socio-economic development”. The workshop aims to evaluate positive impacts and limitations of joining ASEAN economic community towards Hanoi’s economy, culture and society, ...
ADB cuts growth forecast
The Asian Development Bank (ADB) cut its two-year growth forecast for the region on 22 September, amid a slow recovery in major industrial economies and weaker prospects for China and India. The Manila-based bank said developing Asia’s gross domestic product (GDP) growth is expected to slow ...
All in the same boat: Tourism potential along the Mekong
A recent field trip to Nakhon Phanom, Thailand, organised by the Thailand Research Fund was aimed at promoting a community-based research project on managing social and cultural tourism routes. The project, extending into Sakhon Nakhon and Mukdahan, will help ASEAN Economic Community policymakers assess tourism potential along ...
Myanmar's economy risks overheating: IMF
Myanmar’s economy is showing strong signs of overheating and has become increasingly vulnerable over the past 12 months amid rising macroeconomic imbalances, according to the International Monetary Fund (IMF). An expansionary budget and limited monetary policy tools will see inflation at 13 percent by year-end, the ...
