Business News

Foreign demand pushes up prices of pigeon peas, mung bean

BUSINESS Jan 21, 2018
The prices of pigeon peas and mung beans rose slightly following increased demand from Bangladesh, Pakistan and the United Arab Emirates, said U Min Ko Oo, secretary of Myanmar Pulses, Beans and... 32

MIC plans to reduce SME registration fee

BUSINESS Jan 21, 2018
The Myanmar Investment Commission (MIC) is planning to reduce the registration fee for small-and medium-sized enterprises (SMEs), it announced at a press conference. Aung Than Kyaw, deputy director-... 24

Freshly harvested ginger arrives in markets

BUSINESS Jan 19, 2018
Freshly harvested ginger from Pindaya Township, Danu Self-administered Zone, southern Shan State, has reached the market this month. Ginger cultivation was started in the villages along Zawgyi ... 78

Automobile market remains cool as traders observe market in early 2018

BUSINESS Jan 18, 2018
The Yangon automobile market remained cool in early January as buyers and sellers are still observing the market. Meanwhile, the price of automobiles is on the high side. The demand for slips (... 73

Domestic gold price on upward trend

BUSINESS Jan 18, 2018
High global gold prices have raised the domestic gold price in the Myanmar market. The price of gold in the domestic market declined to Ks913,000 per tical (0.578 ounce) in the second week of De... 84

Company license registration fee to be reduced for small-business owners

BUSINESS Jan 18, 2018
The Directorate of Investment and Company Administration (DICA) is planning to reduce the company licence registration fee for small-business owners, according to U Aung Naing Oo, director gener... 69

Betel leaf cultivators earn handsome profits

BUSINESS Jan 15, 2018
Local betel leaf cultivators from Thaton Township, Mon State, have earned handsome profits because of the high price for betel leaves this year. “Betel leaves do not grow well in unstable weat... 89

Jade sales fetch nearly $300 million

BUSINESS Jan 15, 2018
Myanmar earned over US$290 million (389.8 billion kyat) from jade exports up to the first week of this month in 2017-2018 fiscal year. Sales were down by over $210 million compared to the same period ... 78

Some 200 tonnes of turmeric roots exported to China last month

BUSINESS Jan 12, 2018
Myanmar exported nearly 200 tonnes of turmeric roots to China last December, according to border trade authorities. According to official statistics, Myanmar sent some 52.5 tonnes of turmeric ro... 121

Excel KC Myanmar Co wins tender to provide card payment service on YBS buses

BUSINESS Jan 12, 2018
Excel KC Myanmar Co Ltd has won the tender to launch a card payment system called Yangon Payment Service-YPS to be used on YBS (Yangon Bus Service) passenger buses, according to a statement released b... 108