Business The Myanmar Times has the latest news from across Myanmar. http://www.mmtimes.com/index.php/business.html Sat, 01 Nov 2014 16:34:15 +0630 en-gb Myanmar near bottom of Doing Business report http://www.mmtimes.com/index.php/business/12130-myanmar-near-bottom-of-doing-business-report.html http://www.mmtimes.com/index.php/business/12130-myanmar-near-bottom-of-doing-business-report.html Myanmar narrowly escaped being named as one of the top 10 most difficult places to do business, coming in 177th spot on the 189-country list released by the World Bank on October 29.

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kyawzaya387@gmail.com (Jeremy Mullins ) Business Fri, 31 Oct 2014 09:24:07 +0630
Four-fifths of motorcycles are illegally imported http://www.mmtimes.com/index.php/business/12125-four-fifths-of-motorcycles-are-illegally-imported.html http://www.mmtimes.com/index.php/business/12125-four-fifths-of-motorcycles-are-illegally-imported.html Far more motorcycles are imported to Myanmar illegally than are brought in legally, said deputy railway and transportation minister U Chan Maung.

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kyawzaya387@gmail.com ( Pyae Thet Phyo) Business Thu, 30 Oct 2014 14:11:02 +0630
State energy firms to professionalise http://www.mmtimes.com/index.php/business/12087-state-energy-firms-to-professionalise.html http://www.mmtimes.com/index.php/business/12087-state-energy-firms-to-professionalise.html

The Ministry of Energy is planning to pursue more joint ventures with foreign companies, as senior government officials have urged state-owned enterprises to professionalise or risk being reformed.

 

 

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kyawzaya387@gmail.com (Htoo Thant) Business Mon, 27 Oct 2014 00:00:00 +0630
Hilton opens first hotel http://www.mmtimes.com/index.php/business/12088-hilton-opens-first-hotel.html http://www.mmtimes.com/index.php/business/12088-hilton-opens-first-hotel.html US hotel giant Hilton Worldwide opened its first Myanmar hotel in Nay Pyi Taw on October 17, with four more hotels planned for the country.

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kyawzaya387@gmail.com (Zaw Htike) Business Mon, 27 Oct 2014 00:00:00 +0630
Trade deficit worthwhile to fund future growth http://www.mmtimes.com/index.php/business/12089-trade-deficit-worthwhile-to-fund-future-growth.html http://www.mmtimes.com/index.php/business/12089-trade-deficit-worthwhile-to-fund-future-growth.html

The expanding trade deficit is not a large problem because much of the increase in imports are for construction material and machinery needed to fuel future growth, according to Ministry of Commerce experts.

 

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kyawzaya387@gmail.com (Aye Thida Kyaw) Business Mon, 27 Oct 2014 00:00:00 +0630
Sun shines on Magwe solar power project http://www.mmtimes.com/index.php/business/12090-sun-shines-on-magwe-solar-power-project.html http://www.mmtimes.com/index.php/business/12090-sun-shines-on-magwe-solar-power-project.html Thai firm Green Earth Power Company has signed an agreement with the government to move forward on its plans to spend US$350 million building a 220-megawatt solar-power generating station near Minbu in Magwe Region.

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kyawzaya387@gmail.com (Pyae Thet Phyo) Business Mon, 27 Oct 2014 00:00:00 +0630
Kokang economic zone comes amid speculation on security http://www.mmtimes.com/index.php/business/12092-kokang-economic-zone-comes-amid-speculation-on-security.html http://www.mmtimes.com/index.php/business/12092-kokang-economic-zone-comes-amid-speculation-on-security.html Peace in the countryside may be starting to pay dividends with the further development of Kokang economic zone. 

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kyawzaya387@gmail.com (Sandar Lwin) Business Mon, 27 Oct 2014 00:00:00 +0630
Auto firm plans a racetrack http://www.mmtimes.com/index.php/business/12093-auto-firm-plans-a-racetrack.html http://www.mmtimes.com/index.php/business/12093-auto-firm-plans-a-racetrack.html A public company is planning to build a large complex including a racetrack, car showroom and guest house on the outskirts of Yangon, according to Myanmar Automobile Manufacturers and Distributors Association chair U Soe Htun.

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kyawzaya387@gmail.com (Aye Nyein Win) Business Mon, 27 Oct 2014 00:00:00 +0630
FDI has doubled on last year http://www.mmtimes.com/index.php/business/12094-fdi-has-doubled-on-last-year.html http://www.mmtimes.com/index.php/business/12094-fdi-has-doubled-on-last-year.html Contracted foreign direct investment (FDI) has doubled in the first half of the 2014-15 fiscal year compared to the same period last year, according to data from the Myanmar Investment Commission.

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kyawzaya387@gmail.com (Sandar Lwin) Business Mon, 27 Oct 2014 00:00:00 +0630
World Bank partner looks to counter risks http://www.mmtimes.com/index.php/business/12095-world-bank-partner-looks-to-counter-risks.html http://www.mmtimes.com/index.php/business/12095-world-bank-partner-looks-to-counter-risks.html

An arm of the World Bank Group is planning to offer risk insurance on loans to encourage foreign investment to come to Myanmar, said Honda Keiko, executive vice president and CEO of the Multilateral Investment Guarantee Agency (MIGA).

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kyawzaya387@gmail.com (Aye Thida Kyaw) Business Mon, 27 Oct 2014 00:00:00 +0630