Business News

Gold price rises above Ks1 million per tical in recent days

BUSINESS Oct 13, 2018
THE domestic gold price climbed up above Ks1 million per tical (1.729 OZ) in recent days, which crashed the market, according to domestic gold market. The domestic gold price reached a high of ... 65

Singapore agency predicts a positive forecast for Myanmar economy

BUSINESS Oct 13, 2018
A positive forecast and outlook in terms of recovery of Myanmar’s economy is presented by a Singapore based macro economic surveillance agency, ASEAN+3 Macroeconomic Research Office (AMRO) for the... 61

Myanmar Opens Five Pearl Farms for Tourists

BUSINESS Oct 12, 2018
Myanmar will open five out of twelve pearl farming sites in Tanintharyi Region for local and foreign visitors starting from October, according Myanmar Pearl Enterprise (Myeik). The aim is to boost ... 68

Huawei unveils full-stack AI strategy, releases AI chips

BUSINESS Oct 11, 2018
With artificial intelligence (AI) trumpeted as destined to reshape human behaviour in all industries around the world in the near future, Huawei Technologies Co revealed on Wednesday its five-part AI ... 67

Govt. calls for parking zone tenders

BUSINESS Oct 11, 2018
The government has invited a tender for eight parking zones to be located in six downtown townships but only five applicants succeeded the tender selection process, said Yangon Mayor Maung Maung Soe d... 68

Myanmar earns US$630,000 from Maungdaw border trade export in Sept

BUSINESS Oct 10, 2018
Myanmar earned over US$630,000 from Rohu (carp fish) and rice export to Bangladesh in September through Maungdaw border trade, sources said. Although the export amount was reduced in September, abo... 77

Myanmar’s fruit exporters face difficulties with China’s quality inspections

BUSINESS Oct 09, 2018
DESPITE China’s demand for Myanmar’s fruits, Myanmar still has not received approval from food safety inspection mechanism_ the General Administration of Quality Supervision, Inspection and ... 94

Cotton price hits high of Ks1,750 per viss

BUSINESS Oct 09, 2018
COTTON price hit its highest level reaching Ks1,750 per viss in past 20 days increasing from K1,250, according to the cotton growers in Monywa. The pre-monsoon cotton price has been spirally upw... 83

ADB publishes estimated GDP figures for 2018/19

BUSINESS Oct 08, 2018
The Asian Development Outlook 2018, published by the Asian Development Bank (ADB), has updated Myanmar's estimated economic figures, saying that the country's growth rate of gross domestic product (... 95

Consortium set to build 12 story high-rise in Yangon

BUSINESS Oct 08, 2018
Myanmar Pharmaceutical Industrial Enterprise (MPIE) and a consortium of two local Myanmar companies and a Japanese company on Saturday signed an agreement to build a high-rise structure on the land ... 75