The European Union (EU) may be preparing to revoke the Generalised System of Preferences (GSP) status granted to Myanmar, according to U Zaw Min Win, chair of Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).U Zaw Min Win said he was informed of the developments by the ambassadors of the EU and […]

 AIA will partner with local firms AYA Financial Group and Max Myanmar Group (AFG Max) to set up its life insurance venture in Myanmar.The new venture will leverage AFG Max’s extensive retail customer and business partner networks to offer life and health insurance to the newly opened-up market, the Myanmar Times reported. AIA is one […]

The Myanmar kyat has strengthened against the US dollar in recent months, with the exchange rate hovering just above K1500 over the past two weeks. While volatility has risen, experts reckon the Central Bank has done a good job in keeping the kyat stable. That’s culled demand for the greenback locally, leading to the appreciation […]

It’s common to see roads in Shan State full of trucks loaded with vegetables. The state produces 60 percent of all vegetables consumed within the country.Some of the crops are even exported to neighbouring countries.The state government now says that it is making moves to place more emphasis on developing agriculture over tourism as Shan […]