Confusion over car import policy could put off foreign investors, showroom owners are warning. They say investors who want to introduce new vehicles are unable to do so because of frequent changes in the rules.
Accustomed to cash, Myanmar’s small group of debit-card users is growing only slowly, according to bank officials, who say that bank cards are becoming more popular, but are mostly used to withdraw cash once a month, on payday.
Thai firm Siamgas and Petrochemicals Public Company is investing almost US$50 million in a gas-fired power plant in Mawlamyine township, it said yesterday in a filing to the Stock Exchange of Thailand.
Last year, it was a ghost town. Racked by the fighting around Laukkai, Chinshwehaw’s once-booming economy, built on its location as a major trading camp on the border with China, had collapsed as workers fled and shops closed down.
A township committee has refused to renew the operating licence for a military conglomerate-owned acid factory that civil society groups say is damaging local villagers’ health. But regional officials are unsure whether this will be enough to stop the plant operating.
Rain or shine, life goes on and so does business, but many firms and their staff are adept at making the transition from wet to dry season and back again. They have to be. Take the velvet shoe business, for instance. Nobody wears velvet shoes in the rain.