Business News

MFF Urges Government to Ease K1 Million in Fines for Illegal Use of Farmland

BUSINESS Sep 22, 2018
Myanmar Fishery Federation is pushing the Government to ease K1 million in fines for using farmland as fish and shrimp breeding ponds, U Win Kyaing, General Secretary of the federation, said at the me... 56

Rethinking Operational Excellence in the Myanmar Retail Industry

BUSINESS Sep 22, 2018
There’s a transformation in the making in Myanmar, where 63 percent of the population belongs to the 10-29 and 30-49 age groups, the- economy is growing quickly and spending power is increasing. ... 49

Myanmar fresh green tea leaf will be export to US market soon

BUSINESS Sep 22, 2018
Myanmar organic green tea leaf export will begin at the end of September. Myanmar has exported fresh green tea leaf to United States since 2015. Myanmar has exported nearly 20 tons of green tea leaf p... 46

More than 10,000 apartments of public and staff housings to build in Mdy

BUSINESS Sep 21, 2018
Companies will build over 10,000 apartments of public and staff housings in Mandalay within a two years time and 4,000 of them will be developed under public-private partnership (PPP), said Union Mini... 35

Farmers unhappy about onion price hike when low stock

BUSINESS Sep 19, 2018
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... 72

Domestic fuel prices soar within three and a half months

BUSINESS Sep 19, 2018
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... 62

Yangon gov’t makes losses in bus services: Auditor General

BUSINESS Sep 17, 2018
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... 73

Actual FDI inflows hit over $ 26 billion

BUSINESS Sep 17, 2018
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... 75

Myanmar notes record high gold price

BUSINESS Sep 15, 2018
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... 114

MM Social eyes nationwide reach, profit in one year

BUSINESS Sep 15, 2018
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... 113