Business News

Per capita income of citizens projected to hit 3,000 USD in 2030

BUSINESS Mar 19, 2019
Per capita income of citizens is projected to hit 3,000 US dollar per year in 2030, and the World Bank’s the ease of doing business index for Myanmar rises to within the top 100 by 2020, said Vice-... 60

Fourth day of Myanma Gems Emporium continues in Nay Pyi Taw

BUSINESS Mar 15, 2019
ON the fourth day of 2019 56th Gems Emporium, 69 gems lots were reported to be sold at Euro 1.024 million. A total of 500 gems lots were put up for sale through an open tender system on the four... 115

Calls for sales of blended cooking oil to be legalised

BUSINESS Mar 15, 2019
Oil dealers want to sell blended oil made of peanut and palm oil, according to the industry body. U San Lin, vice president of Myanmar Edible Oil Dealers’ Association, said blended product wi... 108

Myanmar's black gold lures plucky oil drillers

BUSINESS Mar 15, 2019
MINHLA — As clouds of acrid, black smoke belched above the flames engulfing an artisanal oil field in central Myanmar, prospectors from nearby hillsides arrived in droves, hoping for riches from a f... 108

Marine exports up $26 mln in five months

BUSINESS Mar 11, 2019
MYANMAR earned about US$364 million from the export of fisheries products in the first five months of the 2018-2019 fiscal year, increasing by $26 million from the corresponding period last 2017... 124

KBZ Bank Working to Spur Home Ownership Among Locals

BUSINESS Mar 08, 2019
KBZ Bank is launching a set of new Home Loan products aimed at increasing home ownership aiming locals. The five Home Loan options offer preferential rates and are structured simply to offer different... 145

Nearly 60% of dried fish depots suspended due to import ban

BUSINESS Mar 08, 2019
NEARLY 60 per cent of dried fish depots in the country have suspended operations on account of the ban on import of raw dried fish, according to the Myanmar Fish Paste, Dried Fish, and Fish Sauc... 145

Industrial Bank of Korea Eyeing Presence in Myanmar

BUSINESS Mar 08, 2019
Industrial Bank of Korea, which is supporting small and medium enterprises in South Korea, is eyeing to extend its services in Myanmar, U Aung Kyi Soe, General Secretary of UMFCCI, said at the worksho... 135

Mandalay’s Motorcycle Market is Clicking

BUSINESS Mar 05, 2019
The motorbike market in Myanmar’s second largest city Mandalay has picked up according to motorbikes shops. This is in contrast to Yangon, where riding motorbikes in the city is legal. “Motorbi... 187

A touch of micro financing for renting homes in Yangon

BUSINESS Mar 05, 2019
As more and more people move to Yangon to seek work every year, the housing shortage in the city becomes increasingly acute. One form of housing that has emerged to serve the needs of middle-cl... 144