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Mineral Development Bank to provide loans to gems, mineral SMEs
BUSINESS Date: Nov 16, 2018   View: 68
Myanmar yesterday opened the first Mineral Development Bank (MDB) to provide banking services to small and medium size enterprises (SMEs) in the gems and mineral sector. “The MDB was established ...
Ministry of Commerce Eyeing Mango Exports to the EU
BUSINESS Date: Nov 13, 2018   View: 83
European market, which receives 40 percent of the world’s mango exports, are interested to importing mangos from Myanmar. Therefore, the Ministry of Commerce and local traders are working to export ...
Jade traders call for WeChat ban
BUSINESS Date: Nov 13, 2018   View: 92
Jade traders in Mandalay say the use of WeChat by Chinese brokers is hurting business and want the use of the social media app to be banned. JADE TRADERS in Mandalay have launched a campaign to ban...
Gems, jade stones put up for auction in Nay Pyi Taw
BUSINESS Date: Nov 13, 2018   View: 101
RAW gems and utility jade are being put up for auction in the local currency at the Mani Yadana Jade Hall in Nay Pyi Taw from 12 to 17 November. On Monday morning, raw gems and jade were display...
Businesses positive over growth prospects
BUSINESS Date: Nov 11, 2018   View: 126
Mandalay is poised to become the second-largest hub for growth after Yangon, the city’s chief minister Dr Zaw Myint Maung said at the Mandalay Business Forum held over the weekend. Dr Zaw Myint M...
Rise in dollar rate, but drug prices remain low: MPMEEA chair
BUSINESS Date: Nov 09, 2018   View: 119
THE rise in the US dollar exchange rate against Myanmar’s currency has hiked up the price of imported medicines, yet drugs are being sold at rates lower than the prevailing price levels, said U...
Shwe Bite set to delight office workers with home-cooked food
BUSINESS Date: Nov 06, 2018   View: 133
Thousands of office workers in Myanmar’s commercial hub will no longer need to bother about finding delicious food for their lunch thanks to Shwe Bite, a technology platform that aims to offer healt...
FATF to review Myanmar over money laundering concerns
BUSINESS Date: Nov 06, 2018   View: 136
YANGON — An assessment of Myanmar’s efforts to tackle money laundering and terrorist financing has found significant weaknesses, including a failure to recognise the “serious” money laundering...
Yangon hustle: the shadowy trade in gold and dollars
BUSINESS Date: Nov 05, 2018   View: 170
Panic over a falling currency and surging gold prices has put the spotlight on a network of brokers and speculators profiting from – and possibly fuelling – volatility. “THE GOVERNMENT will t...
Masked man robs an online store in Yangon
BUSINESS Date: Nov 03, 2018   View: 140
A masked man robbed an “online” store, one that mainly operates online, on Parami Road in South Oakkalapa Township, Yangon on November 1, sources said. The man entered the store around 11:45 am...
Myanmar business organization calls on EU to deliberate on trade sanctions
BUSINESS Date: Nov 01, 2018   View: 138
The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) called on the European Union (EU) to deliberate on its intended trade sanctions on the country, expecting a balanced asses...
AGD Bank Now Accepting EMVbased UnionPay Chip Card Transactions
BUSINESS Date: Nov 01, 2018   View: 150
Asia Green Development Bank (AGD) is now accepting EMV-based UnionPay chip card transactions in all its ATMs, becoming the first bank in Myanmar to offer the service. AGD Bank, UnionPay International ...
MRBEA to Implement Integrated Bamboo Industrial Zone
BUSINESS Date: Oct 31, 2018   View: 162
Myanmar Rattan and Bamboo Entrepreneurs Association (MRBEA) will implement an Integrated Bamboo Industrial Zone in six years 2019-2024. The association proposed the plans to U Ohn Win, Union Minist...
Shwe Property’s Third Real Estate Expo Generated $28 Million USD
BUSINESS Date: Oct 31, 2018   View: 169
Shwe Property organized its third biggest real estate expo in Myanmar and managed to generate over $28 million worth sales. The expo was held from October 19-21 at Tatmadaw Hall in Yangon, and rec...
New Myanmar auto import policy announced
BUSINESS Date: Oct 30, 2018   View: 147
Myanmar has outlined a new auto import policy for 2019, saying that only vehicles with left-hand drive can be imported to suit the country's traffic route direction, Xinhua has reported quoting an ann...
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