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The US eases some sanctions on Myanmar to support political reforms and economic growth in the country but retained other measures to discourage human rights abuses and military trade with North Korea
The United States eased some sanctions on Myanmar on May 17 to support political reforms and economic growth in the country but retained other measures to discourage human rights abuses and military trade with North Korea, US officials said. The moves include easing restrictions on the country's financial institutions, removing seven state-owned companies from the US blacklist and extending a measure allowing shipments to go through ports and airports, the Treasury Department said in a statement. -
Telecommunications firm Ooredoo has chosen TBWA Group Thailand as its branding and creative partner in Myanmar
We want to bring in the latest technology that will enable the people in Myanmar to get the fastest connectivity and best coverage. We are confident that our partnership with TBWA\Thailand will help us create change and exponentially grow our business,” Charity Safford, chief marketing officer at Ooredoo Myanmar, said. -
The US will promote doing business in Myanmar: a US business delegation will visit Myanmar next week to seek investment opportunities (US Ambassador to Myanmar)
US business delegations will visit Myanmar next week to seek investment opportunities that will also promote the country’s economic growth, Scot Marciel, the newly arrived US ambassador, announced yesterday. -
The emergence of Yangon Stock Exchange (YSX) may dent local real estate investment (Experts)
Myanmar’s first stock market was launched on March 25 and some businesspeople commented that existing investment in various industries, including real estate, has weakened. -
The Asian Development Bank (ADB) estimates Myanmar's economic growth at 8.4% this fiscal year and expects a slight fall to 8.3% in 2017
Rising economic growth and three successive years of falling inflation were among the highlights from the Asian Development Bank’s 2016 predictions for Myanmar as part of its annual economic outlook for Asia. -
Internal Revenue Department (IRD) aims to end excise tax confusion: regulation on the Specific Goods Tax is planned to be introduced in the coming fiscal year in Myanmar
The Specific Goods Tax (SGT) Law was passed on January 18 and provides a list of goods on which an excise tax is payable, in addition to standard commercial tax. The SGT list includes cigarettes, tobacco, liquor, teak and hardwood logs, jade and gems, jewellery, luxury cars and fuel and natural gas. -
Foreign investors are interested to implement multi-million-dollar projects in Myanmar's healthcare industry after being shut out for years, encouraged by the country's growing base of customers with money to spend
Rising disposable income, a budding middle class and opportunities to target a market that currently relies on overseas medical care are enticing foreign companies to do business in the country. They face “a huge opportunity because we are still in a very primitive stage of healthcare”, said Union of Myanmar Federation of Chambers of Commerce and Industry vice president U MaungMaung Lay. -
The Yangon Stock Exchange (YSX) opens its doors for the first day of trading
The Yangon Stock Exchange is scheduled to come to life at 9:30 this morning when First Myanmar Investment shares become free to trade electronically, following a pre-launch lockdown during which even the FMI public relations team was turned away -
Myanmar ranks 119th out of 159 countries, between India and Egypt, on the World Happiness Report 2016 produced by the Sustainable Development Solutions Network
The World Happiness Report 2016 Update, which was released in Rome this week, ranked Myanmar 119th out of 156 countries, between India and Egypt. Denmark topped the list as the world’s happiest country, while conflict-ravaged Burundi sat at the bottom. -
The number of private fuel refilling stations in Myanmar has reached 1,228 (Ministry of Energy)
The private companies which have been granted for importing petrol and diesel reached 406. The Pioneer Services and the National Puma Energy has been permitted the license for distributing aviation fuel
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