YANGON, May 11 (Xinhua) -- Myanmar government announced Friday both foreign companies and Myanmar-foreign joint ventures are allowed to conduct domestic retail and wholesale businesses in the country. An order of the Ministry of Commerce said such business activities are granted with the aim of ...
Since the termination of foreign assistance in 1988, Myanmar has had to continually struggle to maintain its foreign currency reserves. Historically, servicing of foreign debt obligations has placed the greatest amount of pressure on the foreign reserves. Prior to 1987/88 deficits of the overall bala...
According to the report, Myanmar sees a total of 150 foreign companies from over 17 countries invest in the zone and 40,000 job opportunities will be created. Thilawa SEZ represents the first of its kind being developed in Myanmar with the other two - Dawei and Kyaukphyu SEZs being in pro...
The exemption follows deep concern from foreign businesses still operating in the country overCBMNotification No. 12/2022andCBM Directive No. 4/2022introduced in early April 2022. These directives instructed Myanmar banks to convert all foreign‑denominated income to “internal residents” from abroad...
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The Myanmar government is planning to open the country’s fledgling insurance industry to foreign companies next year as well as loosen restrictions for local players. Work has already begun on a “liberalisation roadmap” that needs to be presented to the government in December, ...
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YANGON, July 4 (Xinhua) -- Myanmar's Yangon Stock Exchange (YSX) will soon allow foreign investors to trade on the exchange, the local Voice Daily reported Wednesday. The new Companies Law, which will allow foreign investors to take up 35 percent in local companies as well as to trade at...
Some foreign banks may be allowed to operate in Myanmar later this year, although initially they will only be allowed to have branches in certain areas and offer a limited range of products, government and banking sources said on Tuesday.
On the other hand, if top management wants foreign managers to concern themselves with production operations and behave as other managers in companies in the foreign country would, then the foreign currency would be the appropriate currency for evaluation. Some multinational firms prefer a ...