Licence fees for public access centres are going to be slashed by at least 90 percent from April 1, a government official said last week.
Myanmar needs to regulate small- and medium-sized mining operations, says conservation group.
Singapore-based Yoma Strategic Holdings Limited last week announced its participation in a new joint venture company and the proposed acquisitions of several luxury tourism assets in Myanmar.
MasterCard and Visa recently announced lofty plans for a nationwide point-of-sales rollout in Myanmar but bank sources say they will fall significantly short of the corporations’ annual goals.
Foreign Exchange Certificates (FEC) are no longer needed in lieu of US dollars following a decision debated in the Pyidaungsu Hluttaw and signed by President U Thein Sein on March 20.
Local farmers and merchants are voicing their discontent with the current system for allocating licenses to meat distributors for being both antiquated and and exploitative.
The ability to develop Myanmar’s woeful telecommunications sector rests on the country’s youth, Google’s executive chairman Eric Schmidt said.
After five decades of instability, the exchange rate between the kyat and foreign currency has stabilised over the year since the Myanmar Central Bank implemented a managed float in April 2012, the bank and local economists said.
Myanmar’s food and safety regulations are woefully behind international standards, a gap that could harm not only the country’s public health but also its economy, industry sources say.
China and Thailand are interested in investing in hydropower projects in the Thanlwin River, said a senior official from the Ministry of Electric Power’s Department of Hydropower Implementation on March 20.
