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Central Bank Extends WeChat Pay for Three Months
BUSINESS Date: Aug 13, 2019   View: 86
China’s WeChat Pay was introduced to Myanmar earlier this year. Now, Central Bank of Myanmar has decided to extand the license period of the digital payment service for the next three months. In ...
UAB Bank to Verify Large Transactions in Order to Combat Fraud
BUSINESS Date: Aug 13, 2019   View: 72
Beginning on July 1, United Amara Bank (UAB) will use a telephone verification system for every transaction exceeding K1 million, if the transaction is initiated by a representative rather than the ac...
Local Banks Provide K21 Trillion in Loans in 6-Month Period
BUSINESS Date: Jul 26, 2019   View: 222
According to the Quarterly Financial Statistics Bulletin 2018, Volume 3, which was recently released by the Central Bank of Myanmar, between March and September 2018, local private banks provided arou...
Commercial Tax Generates K700 Million Per Week
BUSINESS Date: Jul 26, 2019   View: 239
The Internal Revenue Department said that revenue from commercial tax on mobile sales has surged to roughly K700 million per week, the surge is after they instructed local mobile stores to put commerc...
K119 Million Collected in Tax Fines
BUSINESS Date: Jul 26, 2019   View: 197
The Government of Myanmar has generated over 119 million between October 2018 and May 2019 from fining restaurants, hotels and motels for failing to put tax stamps on receipts, according to the Intern...
Yangon Stock Exchange Hits K1.3 Billion in June
BUSINESS Date: Jul 23, 2019   View: 276
The five listed companies trading on the Yangon Stock Exchange (YSX) hit K1.3 billion in June, the highest amount of trading was seen by First Myanmar Investment (FMI) and Myanmar Thilawa SEZ Holding ...
2020 Target for Opening Yangon’s New “International Standard” Myanmar Aquarium
BUSINESS Date: Jul 13, 2019   View: 350
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...
Mottama Development Group Holds Exhibition for Five Projects
BUSINESS Date: Jul 13, 2019   View: 310
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...
Myanmar's new insurers face a tough sell
BUSINESS Date: Jul 11, 2019   View: 283
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...
Domestic fuel prices rise by three percent in ten days
BUSINESS Date: Jul 04, 2019   View: 348
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...
Pyin Oo Lwin Property Expo Sells Out
BUSINESS Date: Jun 27, 2019   View: 450
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 ...
Upward trend seen for local gold prices
BUSINESS Date: Jun 24, 2019   View: 482
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...
Domestic fuel market sees slight change in one week
BUSINESS Date: Jun 24, 2019   View: 444
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...
Myanmar to ease decades-old alcohol import ban
BUSINESS Date: Jun 22, 2019   View: 479
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 ...
Yangon Inviting Foreign Investors to Help Provide Low-Cost Housing
BUSINESS Date: Jun 13, 2019   View: 494
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...
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