All sources have been thoroughly verified for credibility. Furthermore, an industry specialist has reviewed and approved the final article. Everything you need to know is included in our Myanmar Property Pack Are you thinking of investing in property in Myanmar? Are you unsure if it’s the right time to take action? People have differing viewpoints … Read more
Myanmar, a nation steeped in history and cultural heritage, has faced significant economic and political turbulence in recent years. Amidst these trials, medium-sized businesses have emerged as vital players in shaping the country’s economic landscape. In this article, we explore the current state of Myanmar’s medium enterprises and the path forward. 1. Economic Recovery and … Read more
The Asia300 is Nikkei’s exclusive list of the biggest and fastest-growing companies from 11 economies across the continent. Our picks are based on market capitalization, with consideration also given to growth potential and geographic balance to bring into sharper relief ASEAN economies in particular. We draw on Nikkei’s unrivaled network of bureaus across Asia and … Read more
A total of 6,400 companies were struck off the register in 2023 as they failed to submit annual returns (AR) on the online registry system, MyCO, according to the Directorate of Investment and Company Administration (DICA).Last year, 500 companies in January, 400 each in February and March, 200 in April, 550 in May, 750 in … Read more
Myanmar’s matpe (black bean) market has expanded till Pakistan via India and is selling well, according to matpe traders. “India buys most in hundreds of thousands of tonnes. Some go to Thailand and Singapore markets, but they are just for germinating sprouts. The biggest buyers are Indians and we have learnt that our matpe has … Read more
MYANMAR’S economy is expected to grow just 1 per cent in the year to March 2024, the World Bank said in a report published on Tuesday (Dec 12), describing a “broad-based slowdown” across its key sectors, including agriculture, manufacturing, and trade. Myanmar has seen major upheaval since a 2021 military coup upended a wave of unprecedented … Read more
According to the Ministry of Commerce, Myanmar’s agricultural exports amounted to US$2.035 billion in the past eight months of the current financial year 2023-2024, beginning 1 April.The figures fell from $2.364 billion recorded in the year-ago period, showing a drop of $328.349 million.Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, … Read more
Economy The State Administration Council was reformed again on 25th September 2023 with 18 Members. Two new members are General Maung Maung Aye and Lt. General Nyo Saw. With reform of SAC, the government has reshuffled the cabinet with the following reassignment: Lt-Gen Soe Htut, Union Minister for Union Government Office (1) to the original military … Read more
While economic conditions in Myanmar stabilized in the first half of 2023, businesses continue to face multiple challenges, household incomes remain weak, and food security has become an increasing concern, according to the World Bank’s semi-annual Myanmar Economic Monitor. Economic activity is slowly increasing in Myanmar, but from a low base, the report, A Fragile Recovery, … Read more
What is a Sole Proprietorship? A sole proprietorship is an unincorporated business that one person owns and manages. As the business and the owner are not legally separate, it is the simplest form of business structure. It is also known as individual entrepreneurship, sole trader, or simply proprietorship. The business owner, also known as a proprietor or a trader, conducts business using their legal … Read more