Business News

2020 Target for Opening Yangon’s New “International Standard” Myanmar Aquarium

BUSINESS Jul 13, 2019
The Mottama Development Group says that it will work to open the aquarium it has been building in 2020. It has been building the new facility on five acres of land in Kandawgyi Park, spending some $30... 100

Mottama Development Group Holds Exhibition for Five Projects

BUSINESS Jul 13, 2019
Mottama Development Group is one of the leading developers in Myanmar, they have opened an exhibition at Maha Land Center located on Gabaraye Road, Yangon, for its five projects. The exhibition wil... 108

Myanmar's new insurers face a tough sell

BUSINESS Jul 11, 2019
The insurance sector is about to undergo rapid growth thanks to a recent liberalisation, but competition will be fierce and attracting customers to new, unfamiliar products could prove hard. WHEN T... 95

Domestic fuel prices rise by three percent in ten days

BUSINESS Jul 04, 2019
Global oil prices reached US$59 per barrel (14 percent increased within three weeks) making domestic fuel prices to rise by around three percent within ten days, according to fuel stations. The gl... 133

Pyin Oo Lwin Property Expo Sells Out

BUSINESS Jun 27, 2019
iMyanmar House organized a property expo for 9th Avenue Residence, developed by Hillman Land Company in Pyin Oo Lwin Township. The event was held at Melia Hotel in Yangon on June 15-16 and managed to ... 225

Upward trend seen for local gold prices

BUSINESS Jun 24, 2019
Local gold prices will continue to rise supported by uncertainties such as the US-China trade dispute, volatile stock markets andthe move by major central banks to lower benchmark interest rates. Mya... 239

Domestic fuel market sees slight change in one week

BUSINESS Jun 24, 2019
THERE was no significant change in fuel prices in the domestic market during the week between 17 and 23 June, local retailers said. According to filling stations, a litre of 95 Octane was sold f... 229

Myanmar to ease decades-old alcohol import ban

BUSINESS Jun 22, 2019
Just months after the Yangon government strictly enforced a ban on stores selling foreign liquor, the Ministry of Commerce announced it would come up with draft legislation this year to relax the ... 244

Yangon Inviting Foreign Investors to Help Provide Low-Cost Housing

BUSINESS Jun 13, 2019
The Yangon Regional Government will implement low-cost housing for people who do not have a home; individuals in this situation will only need to pay for the apartment, not the land. U Phyo Min The... 292

Local gold price likely to slip further: gold traders

BUSINESS Jun 11, 2019
TRACKING the drop in the price of gold globally, the yellow metal is likely to continue its slide in the domestic market, said U Ohn Myaing, General Secretary, Myanmar Gold Entrepreneurs Associa... 286