Business News

Fullmoon of Tabodwe to be designated as Myanmar Thanakha Day

BUSINESS Feb 13, 2019
MYANMAR Thanakha Planters, Producers and Exporters Association will designate the Fullmoon of Tabodwe (19 February, 2019) as the Myanmar Thanakha Day and will promote the traditional cosmetic p... 70

Fastest Growing Mobile Wallet in Myanmar Aims for 30 Million Customers

BUSINESS Feb 08, 2019
KBZ Bank, Myanmar’s largest privately-owned bank, is celebrating a new milestone as KBZPay crosses the one millionth customer mark, placing itself as the fastest growing mobile wallet in Myanmar. Si... 126

TCEB and Bangkok Airways launch the ‘Fly and Meet Double Bonus - Redefined’ campaign to attract more corporate groups from Cambodia, Lao PDR, Myanmar and Vietnam

BUSINESS Feb 07, 2019
Bangkok--With the number of MICE travellers from Cambodia, Lao PDR, Myanmar and Vietnam (CLMV) growing 206% in 2018 and the opening of many new attractions, Thailand Convention and Exhibition Bureau (... 180

Sale of K500 lottery tickets will officially stop by end of April

BUSINESS Feb 07, 2019
The sale of K500 lottery tickets will officially stop at the end of April and only the sale of K1000 lottery tickets will continue, said Deputy Director Ei Ei Khaing from Aungbarlay lottery departmen... 124

Sales of Pathein umbrellas up in NyaungU as tourist arrivals surge

BUSINESS Jan 31, 2019
MOST tourists visiting the Baga- NyaungU area have been browsing through shops selling the Pathein Htee, or Myanmar traditional umbrella, in NyaungU Township of Mandalay Region. There are 220 vi... 133

Local fuel prices go up again due to increased global oil prices

BUSINESS Jan 30, 2019
Local fuel prices have increased a little with an increase of K25 to K60 per litre in January as global oil prices increase more this month than the previous month, according to local petrol stations... 125

Mandalay’s Real Estate Market Flexes with Strong Demand for Expensive Properties

BUSINESS Jan 28, 2019
Mandalay real estate market is active with strong demand for properties worth K500 million, according to Mandalay Region Real Estate Agents Development Association. “Demand for high priced proper... 166

Over 15,000 Companies Have Yet to Re-register Through Online Registration System

BUSINESS Jan 28, 2019
The Directorate of Investment and Company Administration (DICA) launched an online registration platform named MyCo starting from August 1, 2018, and urged all companies to re-register through the onl... 154

Dala Bridge Project Causes Land Price Increase in Dala Despite an Inactive Market

BUSINESS Jan 28, 2019
The price of land in Dala Township has gone up as a result of the Yangon-Dala bridge project despite the inactivity in its real estate market according to real estate service providers. A regular p... 154

Central Bank Allows Credit Without Collateral at 16 Percent Interest Rate

BUSINESS Jan 26, 2019
Central Bank of Myanmar is now allowing credit without the need collateral with a maximum annual interest rate of 16 percent, according to its announcement on January 15. The annual interest rate o... 190