New law aims to reduce imports
The Myanmar parliament has passed legislation designed to limit foreign imports, boost domestic manufacturing and strengthen the Myanmar kyat. The new law calls for the formation of a new Committee for Preventing an Increased Quantity of Imports (und
Kyat begins new year high
After a long season of inflation, the Myanmar kyat ended 2019 at its highest level for the year. The currency strengthened to 1479 kyat per one US dollar after spending most of the year in the mid 1500s. A Myanmar Times analysis attributes the bump t
Garment tycoons optimistic despite strike
Myanmar’s garment industry is on track to meet its goal of USD 10 billion in exports by 2024, according to the Myanmar Garment Entrepreneurs Association (MGEA). The statement comes despite ongoing strikes and protests from garment workers. The
New liquor import law brewing
Foreign liquor may soon be legally imported. A draft of a law that will allow for the legitimate import of hard liquor has been written and submitted before the attorney general for approval, according to the Myanmar Times. Importing popular foreign
Mandalay to upgrade street lights and signs
The streets of Mandalay will soon be alight with thousands of new lights, and marked with new signs, city officials said. U Zaw Win, of the Mandalay City Development Committee (MCDC), said the city will install around 10,000 new street lights, which
