Business News

Myanmar Times | Inefficiency and poor management at the privately owned Myanmar Industrial Port (MIP) are causing delays, resulting in losses borne by logistic operators. Businesses told The Myanmar Times that the MIP is poorly managed and overcrowded, leading to the unnecessary costly detention of their shipment. “The main problem of the logistics sector is […]

Myanmar Times | The International Monetary Fund (IMF) has approved the release of financial assistance amounting to SDR 258.4 million to help Myanmar minimise the economic and social impacts of the COVID-19 pandemic. A statement from the IMF released on January 13 said their executive board approved a disbursement of SDR 86.1 million (16.67 percent […]

Myanmar Times | Myanmar will launch an online land database soon, said Minister of Investment and Foreign Economic Relations U Thaung Tun. The online land database will be introduced to provide transparency regarding land ownership, said the minister during a webinar on a ‘New Way of Working with Government’ organised by Myanmar’s British Chamber of […]

Myanmar Times | The Italian Thai Development Public Company (ITD) has informed the Stock Exchange of Thailand that contracts signed between the company and Myanmar involving work on the first phase of Dawei Special Economic Zone have been cancelled. Myanmar was reported to have cancelled seven out of eight contracts made in 2015 for development […]

Myanmar Times | Sule Shangri-La Hotel, Yangon will temporarily close for a period of nine months starting February 1, according to the Shangri-La Group in an announcement released today (January 13). However, Sule Square Mall & Office and Shangri-La Residences will remain open to tenants, guests and visitors. “Throughout the COVID-19 pandemic, we have implemented multiple cost […]