Category: Highlights

Myanmar wins award for research on biomass production

The Myanmar Aerospace Engineering University was selected among participants from 182 countries as this year’s winner of the Energy Globe Award in Japan.

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Fintech firms partner to expand reach in Myanmar

Local digital payments provider Ongo and mobile data operator Ananda yesterday announced a partnership to expand the reach of their services in Myanmar.

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Inflation spikes ahead of Central Bank’s rate liberalisation plans

Inflation in Myanmar has hit a two-year high of 8.2 percent since August, up from 5.5 percent last year prior to the CBM’s initiative to release fresh directives on the liberalisation of the country’s interest rates.

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Myanmar introduces bonded warehousing

The customs department will introduce customs warehouses, or bonded warehouses – where goods can be stored without Value-Added Tax (VAT) or import duties – in the country, according to Finance Minister U Soe Win.

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Organisations appeal against withdrawal of GSP

In a joint statement released yesterday, businesses and trade unions appealed against the withdrawal of the European Union’s Generalised Scheme of Preferences (GSP) currently enjoyed by Myanmar.

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Credit bureau to be up and running within next 12 months

Myanmar Credit Bureau Ltd. will start collecting and providing credit data after a new credit bureau opens in the next 9-12 months, after which banks will be in a better position to offer loans to a larger volume of businesses.

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