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Petrol prices anchored by strengthening kyat: officials
BUSINESS Date: May 13, 2019   View: 65
The strength of the Myanmar kyat has been a key factor in helping go stabilise local petrol prices at a time when global oil prices have become increasingly volatile. Since the start of the ye...
Over 16,000 tons of jade produced in six months last year
BUSINESS Date: May 09, 2019   View: 79
Between April to September last year, Myanmar produced 16,397 tons of jade, according to the coverage of the statement by the Central Statistical Organization, in the State-owned newspapers. The c...
Residents near Wetthe Lake earning good income from lotus fibre production
BUSINESS Date: May 06, 2019   View: 123
THE residents of Shanywagon Village near the 800-year old Wetthe Lake said they are now generating a good income mainly from production of natural lotus fibre. Located at Salin Township in Minb...
2 Percent Withholding Tax Returns
BUSINESS Date: May 04, 2019   View: 157
The Ministry of Planning and Finance will reinstate the withholding income tax of 2 percent on exports starting May 1. The change is due to some cases of tax dodging by individual exporters, according...
CityMart replaces FMI to rank first in Pwint Thit Sa corporate disclosure report
BUSINESS Date: May 01, 2019   View: 156
YANGON — Familiar names featured among the top ranked companies in the latest Pwint Thit Sa report on corporate governance and transparency, which for the first time assessed the performance of lead...
Vice, gambling and tiger parts on Myanmar’s China frontier
BUSINESS Date: Apr 30, 2019   View: 175
Bentleys and BMW convertibles roll up to the "Venetian Casino" in Mongla on the Myanmar-China border, a melting pot of sex, drugs and gambling on a frontier that has also become a "supermarket" for i...
Four local life insurance providers form JVs with foreigners
BUSINESS Date: Apr 30, 2019   View: 149
Four domestic life insurers will cooperate with their foreign counterparts to form joint ventures in Myanmar, according to the Myanmar Insurance Association (MIA). Citizen Business Insurance (C...
Yangon Government Issues Condominium Licenses for 32 Developers
BUSINESS Date: Apr 28, 2019   View: 185
Yangon Regional Government said it has issued 32 condominium licenses for real estate developers as of April 6. All licenses are issued for Yangon while other regions and states have not received any ...
Mogok attracts more tourists in six months since opening to foreigners
BUSINESS Date: Apr 28, 2019   View: 164
Over 900 foreign tourists have visited Mogok, famed as Myanmar’s ruby centre, since the government opened it to foreign visitors in September, according to Mandalay Region’s Directorate of Hot...
Yangon Government Issues Condominium Licenses for 32 Developers
BUSINESS Date: Apr 24, 2019   View: 170
Yangon Regional Government said it has issued 32 condominium licenses for real estate developers as of April 6. All licenses are issued for Yangon while other regions and states have not received any ...
YSX’s stock trading slumps
BUSINESS Date: Apr 20, 2019   View: 192
Stock trading at Yangon Stock Exchange (YSX) has declined over 80 per cent after the water festival, compared with early April, according to the figures from the stock market. On April 2, there we...
AGC Group's Indonesian Company, PT Asahimas Flat Glass, Starts Commercial Production of High Value-added Products at Cikampek Plant
BUSINESS Date: Apr 18, 2019   View: 206
AGC Inc. announced on April 15 that the AGC group's Indonesian unit, PT Asahimas Flat Glass Tbk (AMG) (*1), began operating a mirror line at its Cikampek plant in the first quarter 2019 following the ...
Local Animal Feed Prices Unstable
BUSINESS Date: Apr 17, 2019   View: 230
Local raw materials for making animal feed has continued to be unstable, this reflects the market situation in China, Dr. Thet Muu, President of Myanmar Fish and Shrimp Feed Producers Association, sai...
Sales of Shared in FMI Air Limited
BUSINESS Date: Apr 17, 2019   View: 233
The Board of Directors of First Myanmar Investment Public Co., Ltd. (the "Company" and with its subsidiaries. the "Group") wishes to announce that the Company has on 22 March 2019 entered into a condi...
CBM Allows WeChat Trial in Selected Areas
BUSINESS Date: Apr 17, 2019   View: 253
With the increased number of Chinese tourists coming to Myanmar, Central Bank of Myanmar is working to make payments easier for tourists in order to encourage more spending. To accomplish this, they h...
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