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Yangon Inviting Foreign Investors to Help Provide Low-Cost Housing
BUSINESS Date: Jun 13, 2019   View: 120
The Yangon Regional Government will implement low-cost housing for people who do not have a home; individuals in this situation will only need to pay for the apartment, not the land. U Phyo Min The...
Local gold price likely to slip further: gold traders
BUSINESS Date: Jun 11, 2019   View: 126
TRACKING the drop in the price of gold globally, the yellow metal is likely to continue its slide in the domestic market, said U Ohn Myaing, General Secretary, Myanmar Gold Entrepreneurs Associa...
Gem sale in local currency continues in Nay Pyi Taw
BUSINESS Date: Jun 11, 2019   View: 133
THE third day of a sale of gems and jades in the local currency continued at the Mani Yadana Jade Hall in Nay Pyi Taw yesterday, putting up 260 gem lots and 3,108 jade lots for sale through an o...
Japan-backed Thilawa special economic zone expanding
BUSINESS Date: Jun 08, 2019   View: 128
YANGON — A Japan-backed special economic zone in Myanmar is expanding as an alternative production hub for China and Viet Nam, attracting growing numbers of Japanese and other foreign firms to...
Myanmar in Talks with Authorities from China
BUSINESS Date: Jun 06, 2019   View: 139
Myanmar is currently having discussions with authorities from Yunnan province and Shanghai province in order to export agricultural and livestock products from the Yangon market, said U Phyo Min Thein...
MNA air tickets to be sold at 15% discount at Travel Fair 2019
BUSINESS Date: May 31, 2019   View: 157
Prices of domestic and international plane tickets will be sold at a 15% discount at Travel Fair 2019 of Myanmar National Airlines (MNA). Travel Fair 2019 will be held at Myanmar Plaza in Yangon o...
Myanmar fish breeders need to adhere to GAqP for EU market
BUSINESS Date: May 27, 2019   View: 209
AS Myanmar’s farmed fish is now allowed for exporting to the European Union, breeders are preparing to follow requirements to ensure Myanmar fishery products meet the regulations of importing ...
Mobile Tax Payment System Expected to Start in June
BUSINESS Date: May 27, 2019   View: 204
The Internal Revenue Department expects to launch an electronic payment system for small taxpayers in June this year, according to Daw Khaing Khaing Win, Deputy Director of Information and Technology ...
ENI to start oil exploration process in Magwe this year
BUSINESS Date: May 24, 2019   View: 231
Italian oil and gas company Eni Myanmar B.V (ENI) will commence oil exploration in onshore block RSF-5 located in Magawe Region by the end of the year, the company announced on May 20. Explorat...
MPT Books and Putet Comics Join Forces to Provide Expanded Content
BUSINESS Date: May 24, 2019   View: 264
On May 15, 2019, MPT Books announced that they had successfully joined forces with Putet Comics, Myanmar’s most popular publisher of graphic novels. This move expands MPT Books’ content choices, e...
Government Closes Down 106 Car Sales Centers
BUSINESS Date: May 21, 2019   View: 258
During the eight years since it began allowing car sales centers, frequently referred to as “car dealerships”, the Ministry of Commerce has terminated a total of 106 of these facilities. Why? For ...
Petrol prices anchored by strengthening kyat: officials
BUSINESS Date: May 13, 2019   View: 270
The strength of the Myanmar kyat has been a key factor in helping go stabilise local petrol prices at a time when global oil prices have become increasingly volatile. Since the start of the ye...
Over 16,000 tons of jade produced in six months last year
BUSINESS Date: May 09, 2019   View: 294
Between April to September last year, Myanmar produced 16,397 tons of jade, according to the coverage of the statement by the Central Statistical Organization, in the State-owned newspapers. The c...
Residents near Wetthe Lake earning good income from lotus fibre production
BUSINESS Date: May 06, 2019   View: 339
THE residents of Shanywagon Village near the 800-year old Wetthe Lake said they are now generating a good income mainly from production of natural lotus fibre. Located at Salin Township in Minb...
2 Percent Withholding Tax Returns
BUSINESS Date: May 04, 2019   View: 373
The Ministry of Planning and Finance will reinstate the withholding income tax of 2 percent on exports starting May 1. The change is due to some cases of tax dodging by individual exporters, according...
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