Business News

AGC Group's Indonesian Company, PT Asahimas Flat Glass, Starts Commercial Production of High Value-added Products at Cikampek Plant

BUSINESS Apr 18, 2019
AGC Inc. announced on April 15 that the AGC group's Indonesian unit, PT Asahimas Flat Glass Tbk (AMG) (*1), began operating a mirror line at its Cikampek plant in the first quarter 2019 following the ... 28

Local Animal Feed Prices Unstable

BUSINESS Apr 17, 2019
Local raw materials for making animal feed has continued to be unstable, this reflects the market situation in China, Dr. Thet Muu, President of Myanmar Fish and Shrimp Feed Producers Association, sai... 51

Sales of Shared in FMI Air Limited

BUSINESS Apr 17, 2019
The Board of Directors of First Myanmar Investment Public Co., Ltd. (the "Company" and with its subsidiaries. the "Group") wishes to announce that the Company has on 22 March 2019 entered into a condi... 55

CBM Allows WeChat Trial in Selected Areas

BUSINESS Apr 17, 2019
With the increased number of Chinese tourists coming to Myanmar, Central Bank of Myanmar is working to make payments easier for tourists in order to encourage more spending. To accomplish this, they h... 56

Government to Levy Five Percent Tax on Handsets and Accessories

BUSINESS Apr 15, 2019
The government will levy a five percent commercial tax on the sale of handsets and accessories starting from June 1 this year, according to U Min Htut, Internal Revenue Department. “We will enfor... 60

Chinese firm seeks to build a theatre in Bagan

BUSINESS Apr 07, 2019
A chinese company is interested in building a theatre in the Bagan heritage zone in Mandalay Region, according to the Department of Archaeology and National Museum in Bagan. Officials of the Yu... 183

Yangon Real Estate Only Seeing Demand for Rentals

BUSINESS Apr 05, 2019
Due lack of investment in Yangon’s real estate sector, there is very little demand for real estate properties with exception of rental properties, according to local real estate agents. “Invest... 154

Per capita income of citizens projected to hit 3,000 USD in 2030

BUSINESS Mar 19, 2019
Per capita income of citizens is projected to hit 3,000 US dollar per year in 2030, and the World Bank’s the ease of doing business index for Myanmar rises to within the top 100 by 2020, said Vice-... 239

Fourth day of Myanma Gems Emporium continues in Nay Pyi Taw

BUSINESS Mar 15, 2019
ON the fourth day of 2019 56th Gems Emporium, 69 gems lots were reported to be sold at Euro 1.024 million. A total of 500 gems lots were put up for sale through an open tender system on the four... 266

Calls for sales of blended cooking oil to be legalised

BUSINESS Mar 15, 2019
Oil dealers want to sell blended oil made of peanut and palm oil, according to the industry body. U San Lin, vice president of Myanmar Edible Oil Dealers’ Association, said blended product wi... 255