News
Peace and economy co-related: peace commission chair
To attract more local and foreign investments in Myanmar, peace and political stability are critical, said Peace Commission chair Dr Tin Myo Win. “It is fundamental. Business is essential for peace and peace is also critical in encouraging business growth. They are co-related. “We also need ...
Capital markets essential for private sector: IFC
International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) signed a memorandum of understanding (MoU) in March to strengthen corporate governance regulatory standards and practices in Myanmar. In its press statement, the IFC said ...
Lessons from the 1997 Asian financial crisis
The Asian financial crisis in 1997 plunged many ASEAN countries into recession. The crisis dragged down the Indonesian rupiah, the Thai baht, the Malaysian ringgit and other currencies. Even the Hong Kong dollar came under enormous pressure, though the city managed to prevent a devaluation because ...
Disruption of train services during Thingyan
As fewer passengers travel by train during the Thingyan water festival, some of the train services will not run until the festival is over. The train services will resume their normal schedules after Thingyan, Mandalay Railway Station Master U Nyein Maung said. Train maintenance will ...
K19 billion excess taxes collected
Mandalay’s tax revenue in the last budget year exceeded the collection of the year before by almost K20 billion, thanks to increased awareness among taxpayers. The regional government only expected to collect K141 billion in taxes in the 2016-17 budget year but managed to get ...
Small retailers to get govt aid
Traditional retail businesses will get help from the government to enable them to compete better with modern operators and stimulate the domestic economy. The Commerce Ministry says it aims to boost the number of what it calls strong enterprises to more than 25,000 this year ...
Grab eyes Myanmar growth
Though the taxi-hailing service is still a relatively new concept in Myanmar, Grab, the leading ride-hailing firm in Southeast Asia, has revealed its ambitious target of attracting everyday taxi users in Yangon to book taxis through their app. Cheryl Goh, group vice president of marketing ...
Local polls could be held before the general election, says CDC
The Constitution Drafting Commission (CDC) has confirmed that local elections could be staged before the next general election while calling on the government to revise laws related to the local polls. CDC chairman Meechai Ruchupan said the constitution allows the government to organise municipal elections ...
Livelihoods for elderly now a top priority
With most elderly Thais having no or hardly any savings, Thailand has an acute need to keep people in work as long as possible. Creating job opportunities for the country’s greying population is now top of the agenda at various organisations, both in the government and ...
Hun Sen endorses ‘One China’
Prime Minister Hun Sen has reaffirmed the country’s commitment to supporting Beijing’s One China policy during a meeting with a Chinese official, a stance one expert called “obsequious”. State-run media outlet AKP quoted Kao Kim Hourn, an official attached to the Prime Minister in charge ...
