Business News

Petrol prices anchored by strengthening kyat: officials

BUSINESS May 13, 2019
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... 65

Over 16,000 tons of jade produced in six months last year

BUSINESS May 09, 2019
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... 79

Residents near Wetthe Lake earning good income from lotus fibre production

BUSINESS May 06, 2019
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... 123

2 Percent Withholding Tax Returns

BUSINESS May 04, 2019
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... 158

CityMart replaces FMI to rank first in Pwint Thit Sa corporate disclosure report

BUSINESS May 01, 2019
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... 156

Vice, gambling and tiger parts on Myanmar’s China frontier

BUSINESS Apr 30, 2019
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... 175

Four local life insurance providers form JVs with foreigners

BUSINESS Apr 30, 2019
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... 149

Yangon Government Issues Condominium Licenses for 32 Developers

BUSINESS Apr 28, 2019
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 ... 185

Mogok attracts more tourists in six months since opening to foreigners

BUSINESS Apr 28, 2019
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... 164

Yangon Government Issues Condominium Licenses for 32 Developers

BUSINESS Apr 24, 2019
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 ... 170