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Myanmar earns about $5 million from export of bamboo
BUSINESS Date: Sep 25, 2017   View: 39
MYANAMR earned about US$5 million from the export of bamboo- based products to foreign countries, according to a report of the Myawady Daily issued on Saturday. U Kyaw Thu, chairman of Myanmar ...
FPB Considers YSX Exit
BUSINESS Date: Sep 24, 2017   View: 39
First Private Bank (FPB) is considering delisting from the Yangon Stock Exchange (YSX) siting sliding share prices. The board of directors of FPB met and announced the option of delisting from the ...
Jade confiscated at Yaypu check point
BUSINESS Date: Sep 22, 2017   View: 64
Authorities inspecting a vehicle in northern Shan State on Wednesday seized 1,200 kilos of jade worth Ks64 million. A combined team comprised of officers and Customs Department staff found the i...
Domestic gold price unstable, gold market declines
BUSINESS Date: Sep 22, 2017   View: 69
The domestic gold market is unstable, with the gold price fluctuating in the global market, said U Kyaw Win, the secretary of Myanmar Gold Entrepreneurs Association. “The main reason for the ...
Japan purchases five Myanmar’s products at a high price
BUSINESS Date: Sep 21, 2017   View: 95
Japan, trading partner with Myanmar, primarily purchases shrimp, sesame seeds, green gram, pearl and natural rubber at a high price, according to a report of Myanma Alinn. Myanmar Trade Promotio...
YSX Trade Up After Sluggish Monsoon Months
BUSINESS Date: Sep 17, 2017   View: 74
Yangon Stock Ex­change’s (YSX) trade volume reached K2.3 billion in August, K1 billion more than the previous month. Trade peaked in March at K3 billion and has since slowed, volume each month a...
8,000 Miners Await Legislation
BUSINESS Date: Sep 17, 2017   View: 78
8,000 jade and gem­stone mining licens­es have not been renewed since the govern­ment ceased issuing and renewing them in July 2016. In their effort to reform the 1995 Gemstone Law, the NLD-led ...
Yangon promised cut-price fuel
BUSINESS Date: Sep 15, 2017   View: 85
The government will import and sell liquefied petroleum gas (LPG) to 150,000 households in Yangon Region by the end of December, according to the Ministry of Electricity and Energy. Yangon resident...
Work starts on giant food warehouse in Thilawa
BUSINESS Date: Sep 15, 2017   View: 94
Metro Wholesale, which reportedly has over 750 wholesale centres in 25 countries, has started work on the construction of a warehouse in Thilawa Industrial Zone. Tiparayat Kaewsringarm, deputy CEO o...
United Amara Bank to issue 15,000 Visa cards this year
BUSINESS Date: Sep 15, 2017   View: 121
UNITED Amara Bank (UAB), one of the largest financial institutions in Myanmar, will issue more than 15,000 Visa credit cards by the end of this year, says Christopher Loh, the bank’s chief executive...
More parking lots to be built on Yangon-Mandalay Highway
BUSINESS Date: Sep 15, 2017   View: 92
Authorities are choosing the plots of land to construct international- standard parking lots on Yangon-Mandalay highway, according to a report in the Myawady Daily yesterday. The rest camps will...
SQFT Properties to Hold Real Estate Events in Myanmar
BUSINESS Date: Sep 12, 2017   View: 182
A Singaporean real estate agent, SQFT Global Properties, has announced that it is hosting events for Myan­mar buyers, to promote two new high-rise condo­minium projects in Bang­kok. The MUNIQ co...
Property taxes worth less than a cup of tea
BUSINESS Date: Sep 12, 2017   View: 3542
Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is f...
Dried fish market cools due to lower demand
BUSINESS Date: Sep 09, 2017   View: 3553
The local dried fish market remains cool because of lower demand from regions and scarcity of the fish, according to a report in the Myawady Daily yesterday. “This is rainy season, and...
CBM to Limit Foreign Currencies, Especially at Border Gates
BUSINESS Date: Sep 07, 2017   View: 3528
The Central Bank of Myanmar an­nounced an inten­tion to limit the use of foreign currencies at the nation’s several border trading posts. To strengthen the Kyat against the Baht, Yuan, and Doll...
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