Fifteen local and foreign companies were granted approval by the Myanmar Investment Commission (MIC) in June, taking the total number of companies approved this fiscal year to 123, according to U Aung Naing Oo, secretary of the MIC.
Myanmar has duty-free access to the European Union for nearly all its exports. This has been a particular boon to garments, but has also opened the door to the rice trade.
A Health insurance plan set out by the government is scheduled to start next month, though initial uptake may be show. Private insurers say the one-year test phase will be spent identifying whether it is viable and convincing consumers of its benefit.
An International Monetary Fund (IMF) team is visiting Myanmar for its annual check-up on economic and financial policies, according to officials.
The Central Group is in discussions with local companies with a view to bringing the Centara hotel brand to one or more of Myanmar’s major tourism destinations.