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Condos Yet to be Sold to Foreigners Despite New Law
BUSINESS Date: Oct 19, 2018   View: 19
Myanmar recently enacted a condominium law and bylaw that makes it legal for foreigners to purchase condominiums, but despite the new laws no condos have officially been sold to foreigners because a c...
Counting on coffee for a strong boost in growth
BUSINESS Date: Oct 19, 2018   View: 23
The founder of the Genius Coffee business U Ngwe Tun feels there is good potential for the company’s products in local and foreign markets. While the business is focused on growing, processing an...
Manufacturing sector attracts 60 foreign enterprises in past mini-budget period
BUSINESS Date: Oct 18, 2018   View: 34
THE manufacturing sector absorbed foreign direct investments worth US$706.67 million in 60 projects in past mini-budget period from April to September, according to statistics provided by the Di...
Petroleum Traders Suggest Tax Changes to Bring Down Fuel Costs
BUSINESS Date: Oct 17, 2018   View: 38
Local fuel prices have surged in recent months causing the Myanmar Petroleum Trade Association to urge the government to review its taxation system in order to stabilize local fuel prices. As the t...
Myanmar Outlines Challenges and Opportunities to Oxford Business Group
BUSINESS Date: Oct 16, 2018   View: 73
Myanmar’s plans to bring the private sector on board for several infrastructure projects and implement measures to address the economic challenges they are currently facing were among the topics dis...
Motorbike Sales Rise Due to Stronger Kyat Rate Against Chinese Yuan
BUSINESS Date: Oct 16, 2018   View: 77
Due to the stronger Myanmar Kyat rate against the Chinese Yuan, the motorbike market in the city Lashio in Northern Shan State has become more active. Motorbikes are imported into the country from ...
Rice export to China decreases due to wetness, arrests
BUSINESS Date: Oct 16, 2018   View: 57
Rice export through Muse (105th Mile) border trade camp has decreased as only about two truckloads of rice go to China daily due to overabundant moisture as well as some arrests that were made in Chin...
Suzuki launches new Swift, targets younger buyers
BUSINESS Date: Oct 16, 2018   View: 59
Suzuki Myanmar Motor Company yesterday launched its latest generation Suzuki Swift in the country. The new Suzuki Swift is the Japanese car maker’s global flagship compact car and the third gener...
Singapore agency predicts a positive forecast for Myanmar economy
BUSINESS Date: Oct 13, 2018   View: 98
A positive forecast and outlook in terms of recovery of Myanmar’s economy is presented by a Singapore based macro economic surveillance agency, ASEAN+3 Macroeconomic Research Office (AMRO) for the...
Gold price rises above Ks1 million per tical in recent days
BUSINESS Date: Oct 13, 2018   View: 106
THE domestic gold price climbed up above Ks1 million per tical (1.729 OZ) in recent days, which crashed the market, according to domestic gold market. The domestic gold price reached a high of ...
Myanmar Opens Five Pearl Farms for Tourists
BUSINESS Date: Oct 12, 2018   View: 101
Myanmar will open five out of twelve pearl farming sites in Tanintharyi Region for local and foreign visitors starting from October, according Myanmar Pearl Enterprise (Myeik). The aim is to boost ...
Govt. calls for parking zone tenders
BUSINESS Date: Oct 11, 2018   View: 105
The government has invited a tender for eight parking zones to be located in six downtown townships but only five applicants succeeded the tender selection process, said Yangon Mayor Maung Maung Soe d...
Huawei unveils full-stack AI strategy, releases AI chips
BUSINESS Date: Oct 11, 2018   View: 109
With artificial intelligence (AI) trumpeted as destined to reshape human behaviour in all industries around the world in the near future, Huawei Technologies Co revealed on Wednesday its five-part AI ...
Myanmar earns US$630,000 from Maungdaw border trade export in Sept
BUSINESS Date: Oct 10, 2018   View: 100
Myanmar earned over US$630,000 from Rohu (carp fish) and rice export to Bangladesh in September through Maungdaw border trade, sources said. Although the export amount was reduced in September, abo...
Cotton price hits high of Ks1,750 per viss
BUSINESS Date: Oct 09, 2018   View: 130
COTTON price hit its highest level reaching Ks1,750 per viss in past 20 days increasing from K1,250, according to the cotton growers in Monywa. The pre-monsoon cotton price has been spirally upw...
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