Etiquette In a formal setting “U” should be used in front of a name when addressing a man and “Daw” when addressing a woman, roughly translating to Mr and Lady. It is common practice to remove footwear before entering someone’s workplace or home but not always required. Removing shoes and socks before entering a pagoda or temple is a must. A handshake is usually the first introduction…
FOREIGN EMBASSIES Australia (01) 251 810 Bangladesh (01) 515 275 Brazil (01) 221 268 Cambodia (01) 549 609 China (01) 221 280/1 Egypt (01) 222 886/7 France (01) 212 532 Germany (01) 548 951/2 India (01) 243 972 Indonesia (01) 254 465 Israel (01) 515 115 Italy (01) 527 100/1 Japan (01) 549 644/8 Laos (01) 222 482 Malaysia (01) 220 248/9 Nepal (01) 545 880 Pakistan (01) 222 881 Philippines (01)…
If Myanmar is to fulfil its economic potential, significant investments are required in transport infrastructure. In all areas – from roads, to railways, to ports – the country has fallen behind its neighbours in the region. Encouragingly, the government recognises the need to prioritise this area, and has begun to make progress on much-needed projects, often with the help – financial…
Interview :U Kyaw Kyaw Maung How can the CBM maintain economic stability? U Kyaw Kyaw Maung: First, it is important to note that the main cause of the depreciation of the Myanmar kyat in the second half of 2018 is the rise of the US dollar, which has had a similar impact on many other currencies worldwide. Another key reason for the depreciation of our national currency is Myanmar’s macroeconomic…
Interview :U Nyo Myint How does the entry of foreign insurance companies into the market impact Myanmar? NYO MYINT: The idea of liberalising the insurance market is a positive one, as foreign direct investment benefits the economy. However, Myanmar is a unique market that can be difficult to understand from a foreign perspective. Foreign participants in the insurance industry need to understand…
Interview :He Bi Qing What steps can the banking sector take to accelerate digital transformation? HE BI QING: The rapid development of China’s e-commerce over the past 10 years led to the introduction of mobile payment methods. In turn, the shift away from card and cash payments has produced some challenges for the banking sector. First, a large amount of funds flow to e-commerce platforms…
Interview :U Zaw Min Win How has the government increased the private sector’s appeal to investors? U ZAW MIN WIN: The present government has prioritised the rapid development of infrastructure fundamental to the economy, such as electricity generation, roads and ports. Moreover, it is laying the foundations for e-government applications that will make investment procedures faster and more…
Interview :U Soe Win How does the Ministry of Planning and Finance (MPF) intend to address inefficiencies in state-owned enterprises (SOEs)? U SOE WIN: The MPF is collaborating with the World Bank, the US Treasury and the Myanmar Development Institute to enhance the oversight of SOEs. Their underlying profitability and financial sustainability is the main focus, as well as their socio-economic…
Interview :U Zaw Myint Maung Which features make Mandalay stand out as an attractive investment destination? U ZAW MYINT MAUNG: One of the region’s biggest business assets is export-oriented agri-products, such as beans, pulses, rice, fruit and vegetables. For example, we have over 15 different varieties of mango, which are in high demand in Russia, China, South Korea and Japan. Another distinctive…
Interview :U Thein Zaw Tun How will the Myanmar Credit Bureau improve credit access for small and medium-sized enterprises (SMEs), and how is its rollout progressing? U THEIN ZAW TUN: Banks have been eagerly awaiting the establishment of the credit bureau for quite some time. Its beneficiaries are not only the SMEs, but the whole of society, as everyone gains a more agile banking sector and…
