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Domestic fuel prices soar within three and a half months
BUSINESS Date: Sep 19, 2018   View: 30
Fuel prices have soared over 13 per cent for more than three and a half months, peaking at Ks4,517 per gallon for 92 Ron, Ks4,744 per gallon for 95 Ron, Ks4,653 per gallon for diesel and Ks4,698 per g...
Farmers unhappy about onion price hike when low stock
BUSINESS Date: Sep 19, 2018   View: 40
Pakkoku- Onions farmers are earning less profit as Onion prices are climbing higher when there are so little produce left in the hands of the farmers to sell. At present, One viss (1.6 kilograms) o...
Actual FDI inflows hit over $ 26 billion
BUSINESS Date: Sep 17, 2018   View: 48
From 1988 to 2017, the actual inflows of foreign investments reached over US$ 26 billion even though the government allowed US$ 76 billion foreign investments, according to International Investment Po...
Yangon gov’t makes losses in bus services: Auditor General
BUSINESS Date: Sep 17, 2018   View: 51
Yangon Region government took a loan of Ks-eight billion from Ayeyarwady Bank as it had no sufficient money to buy 1,000 new buses, according to an audit report submitted by Khin Than Hla, Yangon Regi...
MM Social eyes nationwide reach, profit in one year
BUSINESS Date: Sep 15, 2018   View: 98
MYANMAR people’s thirst for a 100 per cent local social network platform like Facebook will be satisfied by the recent launch of MM Social developed by young technicians, Yan Naing Myint, founder an...
Myanmar notes record high gold price
BUSINESS Date: Sep 15, 2018   View: 102
The price of gold has reached a record high of about 996,500 Kyat per tical on 14 September, thanks to the rising US dollar exchange rate, according to a report in the Global New Light of Myanmar on...
Foreigners and locals invest in electricity generation sector
BUSINESS Date: Sep 13, 2018   View: 93
More than US$405 million and Ks 172 billion made by foreign and local investors are invested in electricity generation sector in Myanmar within a span of one year, according to Ministry of National Pl...
Cotton in high demand
BUSINESS Date: Sep 12, 2018   View: 116
Due to high demand from China, farmers are increasing more cotton acreage, and cotton gets good prices, said Zaw Tun Myint, Deputy Director-General of Department of Industrial Crops Development. ...
Agricultural sector must be boosted within OBOR Initiative
BUSINESS Date: Sep 11, 2018   View: 119
YANGON - Myanmar-Macau Friendship Association will be carrying out trading development efforts and their first priority is to boost the agricultural sector within the One Belt One Road (OBOR) Initiati...
Gold hits new record, market cool
BUSINESS Date: Sep 11, 2018   View: 115
WITH the US dollar gaining in the local foreign exchange market, gold price also reached a new record of Ks988,200 per tical (16.4 gm) yesterday. Starting from the second week of August, the exc...
Trade deficit expected to reach just about $500 m in coming fiscal year
BUSINESS Date: Sep 08, 2018   View: 153
Myanmar's trade deficit is expected to reach only about USS$500 million in coming 2018-2019 fiscal year because trade deficit declines year by year, according to the Ministry of Commerce. Foreign t...
Trade deficit expected to reach just about $500 m in coming fiscal year
BUSINESS Date: Sep 07, 2018   View: 146
Myanmar's trade deficit is expected to reach only about USS$500 million in coming 2018-2019 fiscal year because trade deficit declines year by year, according to the Ministry of Commerce. Foreign t...
Local fuel prices increase by around 11% in three months
BUSINESS Date: Sep 05, 2018   View: 130
Local fuel prices have increased by around 11 percent over the past three months with Ks4,449 for a gallon of 92 Ron octane, 4,674 for 95 Ron, K4,585 for diesel and K4,630 for premium diesel, accordin...
Over 97,000 Ayeyarwady farmers unable to repay loans
BUSINESS Date: Sep 04, 2018   View: 114
In Ayeyarwady Region, there are 97,802 farmers who are unable to repay their agricultural loans. Myanmar Agricultural Development Bank (MADB) resumes the suspended agricultural loan scheme this y...
FDA suspends around 40 bottled water operations in Yangon
BUSINESS Date: Sep 03, 2018   View: 134
Food and Drug Administration (FDA) Department has placed a temporary ban on about 40 undisciplined bottled water operations and closed nine unlicensed ones, said the FDA (Yangon)’s Deputy Director D...
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