Business The Myanmar Times has the latest news from across Myanmar. Tue, 29 Jul 2014 19:03:29 +0630 en-gb Internet connection: Corporate website index released Corporate websites provide a window to examine business practices, but their quality is still a mixed bag in Myanmar, according to a report by the Myanmar Centre for Responsible Business (MCRB).

]]> (Bill O'Toole) Business Mon, 28 Jul 2014 01:30:00 +0630
Trade gap to widen The trade deficit will likely continue widening for two years as the government promotes infrastructure development and vehicle sales, requiring more imports, said Ministry of Commerce director U Win Myint.

]]> (Aye Thida Kyaw) Business Mon, 28 Jul 2014 01:30:00 +0630
Thai investors eye opportunities Thai businesses are continuing to eye Myanmar opportunities, downplaying concerns the country’s political situation may slow investment here.

]]> (Aye Thida Kyaw and Su Phyo Win) Business Mon, 28 Jul 2014 01:30:00 +0630
Gold miners fall behind on fees Three large private mining companies owe hundreds of millions of dollars worth of in-kind payments to the Ministry of Mines, with the heated tender process of 2011 blamed for companies having made over-high pledges to secure sites.

]]> (Aung Shin and Htoo Thant) Business Mon, 28 Jul 2014 01:30:00 +0630
Auto part importers jostle for position There are more cars on the road than ever before, but the supporting industries are not yet up to speed, say would-be auto part importers.



]]> (Su Phyo Win) Business Mon, 28 Jul 2014 01:30:00 +0630
Cash for clunkers drives price Sale prices of made-in-Myanmar jeeps and other vehicles have jumped by up to 40 percent since the government started accepting the vehicles on July 14 in exchange for import permits, say car traders.



]]> (Hlaing Kyaw Soe) Business Mon, 28 Jul 2014 01:30:00 +0630
Breaking the glass ceiling in a talent incubator Program aims to help a group of women entrepreneurs tackle the obstacles and build the skills to start a small business



]]> (Myat Noe Oo and Myat Nyein Aye) Business Mon, 28 Jul 2014 01:30:00 +0630
Gas-fired plants to cut power shortages Three gas-fired power generation plants are moving closer to being built, as Ministry of Electric Power (MOEP) officials evaluate bids for the projects.

]]> (Aung Shin ) Business Mon, 28 Jul 2014 01:30:00 +0630
Firms slow to use GSP benefits Take-up on benefits offered through the Generalised System of Preferences (GSP) has been limited, even though most countries involved in the market access program have extended benefits to Myanmar.


]]> (Zaw Htike) Business Mon, 28 Jul 2014 01:30:00 +0630
Door to open for foreign-owned petrol stations

Foreign companies will soon be invited to enter into a joint venture with state-owned Myanma Petroleum Products Enterprise (MPPE) to distribute and sell petrol and diesel fuel.



]]> (Aung Shin) Business Mon, 28 Jul 2014 01:30:00 +0630