(Reuters) - General Electric Co secured a medical equipment deal with two hospitals in Myanmar on Saturday, becoming the first U.S. company to restart business in the long-isolated country since Washington eased sanctions this week. U.S. firms are wasting no time since U.S. President Barack Obama announced the issue of general licenses on Wednesday to allow investment and financial services. GE was the first to move, agreeing through its local dealer to provide X-ray machines for cardiology and topography to two private hospitals in Myanmar. The deal was announced on Saturday during a U.S. ...
General Electric Co secured a medical equipment deal with two hospitals in Myanmar on Saturday, becoming the first U.S. company to restart business in the long-isolated country since Washington eased sanctions ...
The process of opening up and liberalizing an economy is never an easy thing, and is especially hard for Myanmar, Southeast Asian country that has been closed off from the world for so long. Myanmar has seen drastic changes in the tentative rules and regulations the government plans to grow the country’s business environment.
Yangon (AFP) - Rescuers were searching for victims of a huge mine landslide in northern Myanmar Monday as the toll topped 100 in a disaster highlighting the perils of the country's secretive billion-dollar jade trade.
On the 25th of March, Myanmar reached a new milestone in shifting the country from a having closed economy to a modern financial system. Announced last year, the long awaited Yangon Stock Exchange (YSX) was finally initiated – and most seem to agree that it was a very auspicious start.
Bangkok (AFP) - Myanmar's secretive jade industry is worth an estimated $31 billion, far higher than official accounts, with most profits going to powerful military and ex-junta figures instead of the state coffers, a corruption watchdog said Friday.
Did you know that in the first half of the last century, Myanmar had twice the GDP per capita of China? What a difference a few decades and government policies make, as China is ten-fold the size of Myanmar today, according to UBS Research.