Business News

Pearls fetch over 2.5 mln euros at 55th Myanma Gems Emporium

BUSINESS Jun 22, 2018
THREE-HUNDRED forty-one lots of pearls fetched over 2.5 million euros yesterday at the 55th Myanma Gems Emporium in Nay Pyi Taw. All 360 pear lots exhibited yesterday with basic price of 500 eu... 28

Dollar gains, CBM increases exchange rate

BUSINESS Jun 22, 2018
THE US Dollar exchange rate has been strengthening in recent days, while the Central Bank of Myanmar (CBM) keeps raising its set exchange rate, accordingly. Starting from last week, the USD exch... 26

Myanmar Allows Chinese Commercial Cars to be Imported through Muse Border Gate

BUSINESS Jun 22, 2018
The Export Import Department under the Ministry of Commerce said that it started allowing China made commercial cars to be imported through the Muse border gate in a recent statement. The statement... 30

Yangon is Planning to Implement 11 New Industrial Zones

BUSINESS Jun 21, 2018
Yangon Regional Government is planning to build new international standard industrial zones in 11 townships under Yangon City Development Committee’s management, U Maung Maung Soe, Yangon Mayor, tol... 53

Dollar gains against kyat

BUSINESS Jun 20, 2018
The Myanmar kyat has been depreciating against the US dollar in recent days. Staring from the middle of January, the dollar to kyat interbank exchange rate in Myanmar’s currency market dropped... 71

Rice prices may increase in domestic market

BUSINESS Jun 20, 2018
Rice prices may see increase in the domestic market as rice reaped in the summer had almost run out, according to sources from the Bayintnaung wholesale center. “At the present, rice reaped durin... 67

Sein Ta Lone export to Singapore suspended owing to trademark infringement

BUSINESS Jun 19, 2018
THE export of Myanmar’s Sein Ta Lone (diamond solitaire mango) to Singapore is suspended owing to trademark infringement since early June, said U Kyaw Soe Naing from the Myanmar Mango Market ... 100

KBank to Host Digital Biz Plan Challenge for Entrepreneurs

BUSINESS Jun 19, 2018
Kasikornbank has been engaging in Myanmar SME Empowerment Programs for more than 3 years with the aim to contribute to economic growth of Myanmar. With over 70 years of experience as a strong financia... 84

Trade with ROK exceeds $46 mil. in April

BUSINESS Jun 18, 2018
EXTERNAL trade between Myanmar and the Republic of Korea (ROK) this April was US$46.8 million in total, a slight decrease in value by $2.5 million matched against last April, the Commerce Minis... 89

Myanmar exports 242 tonnes of tamarind to Singapore, Thailand by sea in one week

BUSINESS Jun 18, 2018
MYANMAR exported 242 tonnes of tamarind to Singapore and Thailand through the sea route in the week ending 2 June, registering a decrease of over 50 tonnes against the previous week before 27 Ma... 93