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Consumer Protection Committee to Put Myanmar Label on Products
BUSINESS Date: Jul 18, 2018   View: 51
Consumer Protection Committee said in a statement in early July that it will release an order enforcing business to put Burmese language labels on products according Sub-section (D) of Section 18 in C...
Myanmar Negotiating with Chinese Consortium on Deep-Sea Port Project in Western State
BUSINESS Date: Jul 18, 2018   View: 73
Myanmar is negotiating with a Chinese consortium to carry out a strategic deep-sea port in Kyaukphyu, western Rakhine state, as part of the planned special economic zone (SEZ) in the region, according...
Myanmar Handicraft Industry Needs Government Support to Penetrate World Marke
BUSINESS Date: Jul 18, 2018   View: 59
“In order to penetrate major world markets such as the European market, Myanmar handicraft industry needs the government’s support.” U Thardu, Chairman of Myanmar Arts and Crafts Association, to...
Dawei SEZ Project to Restart in October
BUSINESS Date: Jul 18, 2018   View: 60
Situated in southern Myanmar, near the border of Thailand is a place called Dawei. In 2008 a major construction project started, the project was to link Dawei to the Kanchanaburi province, 119 km nort...
Price of quality rice rises in domestic market
BUSINESS Date: Jul 18, 2018   View: 74
THE price of quality rice is increasing in the domestic market. A superior variety of rice, such as Pawsan has increased from Ks34,000 to Ks38,000 per bag. Generally rice prices are up by Ks2,00...
Panasonic launches Off-grid solutions project to commemorate 100th anniversary
BUSINESS Date: Jul 17, 2018   View: 67
Yangon - The Japan-based Panasonic Corporation launches Off-grid Solutions project as part of their efforts in Myanmar to solidify their place as one of the top MNCs operating in Myanmar and to provid...
Record High USD Exchange Rate Likely to Trigger Commodity Price Hike
BUSINESS Date: Jul 17, 2018   View: 77
Since the USD/MMK exchange rate has been rising and spiked at K1,400 against the dollar, it’s likely to trigger a rise in basic commodity prices, U Tun Aye, President of Myanmar Fishery Products Pro...
State-owned Resource Extraction Businesses Lacks Transparency: MEITI Report
BUSINESS Date: Jul 17, 2018   View: 84
Myanmar’s state-owned resource extraction businesses still lacks transparency, according to a recent report by Myanmar Extractive Industries Transparency Initiative (MEITI). Myanmar was admitted ...
Myanmar: Investment Analysis and Implementation Options for Digital Government Project
BUSINESS Date: Jul 15, 2018   View: 70
The Government of Myanmar (GOM) is assessing a possible investment in a digital government project, as the first phase of implementation of their e-Governance master plan and overall digital developme...
Sesame growers face financial loss due to poor harvest
BUSINESS Date: Jul 15, 2018   View: 78
SESAME growers in Magway Region said they are likely to face a pecuniary loss due to a poor harvest this season. A sesame grower, who resides in Makangyi Village in Magway Township, said, “H...
Manufacturing sector attracts FDIs worth $ 275 million in three months
BUSINESS Date: Jul 15, 2018   View: 85
THE manufacturing sector absorbed foreign direct investments (FDIs) worth US$275.6 million through 19 projects in the past three months, according to statistics provided by the Myanmar Investmen...
Over 100 small-scale jade mining blocks in Khamti win tender
BUSINESS Date: Jul 14, 2018   View: 86
THE Sagaing Region government has granted permits to small-scale jade miners to operate 104 jade mining blocks in Khamti Township, according to U Zaw Zaw, Deputy Commissioner of the District Gen...
The 6th Housing Exhibition for Golden City
BUSINESS Date: Jul 14, 2018   View: 99
Myanmar’s number 1 property selling website; iMyanmarHouse.com, which offers over 200,000 properties, and is developing a variety of sectors, hosted the 6th Housing Exhibition for Golden City. This ...
World Bank Confirms Continued Support for Peace, Social Inclusion and Economic Transition in Myanmar
BUSINESS Date: Jul 13, 2018   View: 73
YANGON — World Bank Vice President for East Asia and Pacific Ms. Victoria Kwakwa will visit Myanmar from July 8 to 10. The purpose of the visit is to discuss with the State Counsellor Daw Aung San S...
FMI Reports Record Revenue; Schedules Dividend Payments
BUSINESS Date: Jul 13, 2018   View: 79
First Myanmar Investment Co., Ltd. (FMI) is pleased to announce that its total revenue exceeded Ks. 200 billion in the financial year that ended on 31 March 2018. The FY2018 represents a healthy reven...
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