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Fear stoked by Chinese-funded port and SEZ in Myanmar's Rakhine
BUSINESS Date: Nov 15, 2019   View: 79
Aung Gyi is forced to fish covertly under the shroud of night in western Myanmar waters as China bids to transform the strategically key region into a shipping and industrial hub, squeezing out local...
Yoma to acquire an additional stake in Wave Money
BUSINESS Date: Nov 15, 2019   View: 69
Yoma Strategic Holdings (YSH) has agreed to acquire an additional 10 per cent stake in Digital Money Myanmar (Wave Money) from Yangon-listed First Myanmar Investment (FMI) for $6 million, Dealstreeta...
Mandalay raises maximum property value to K18 billion
BUSINESS Date: Nov 14, 2019   View: 113
The Mandalay Region government has set new rates for the assessed value of property for 2019-2020, with the maximum rate for downtown pegged at K18 billion (US$11.86 million) an acre. The annou...
Gold price dips below K1.2 mln in domestic market tracking global cues
BUSINESS Date: Nov 13, 2019   View: 82
WITH gold prices sliding in the global market, the price of gold has plunged below K1.2 million per tical (0.578 ounces or, 0.016 kilograms) in the domestic market for the first time since 7 Augu...
As remittance market reaches saturation, mobile money keeps growing
BUSINESS Date: Nov 11, 2019   View: 102
As the market for consumer remittances reaches saturation, mobile money operators are looking to smartphone apps to continue their growth. IF THE mobile money market were a football match, then the...
Fuel imports exceed $ 180 m in one month
BUSINESS Date: Nov 09, 2019   View: 110
Within one month of this fiscal year, the fuel imports exceeded 180 million US dollars, down 29 million US dollars compared with the same period last year, said Khin Maung Lwin, Assistant Permanent S...
Bangkok Condo Expo to offer Installment Payment plans
BUSINESS Date: Nov 06, 2019   View: 123
Your Property Finder (YPF) stated that the Bangkok Condo Expo, which will be held at the Melia Hotel, Yangon from November 15 to 17, will offer an installment payment program for condominiums. The ...
Myanmar Grants Commercial Tax Exemption for 14 Embassies
BUSINESS Date: Nov 01, 2019   View: 177
The Ministry of Commerce announced a commercial tax exemption for 14 embassies in Myanmar including Delegation of the European Union, on October 3. The ministry said it granted this exemption for e...
Domestic gold price reaches K1.22 mln; global gold pegged at $1,492
BUSINESS Date: Oct 30, 2019   View: 144
THE price of gold in the domestic market has touched K1.22 million per tical (0.578 ounces or, 0.016 kilograms), tracking global gold prices, which are currently pegged at US$1,492 per ounce, ac...
Singapore Ambassador discusses Myanmar relations and trade
BUSINESS Date: Oct 30, 2019   View: 255
Singapore might be a small island state but for Myanmar it looms large, a relationship that dates back to British colonial times. Mizzima TV editor Myo Thant recently sat down with the Singapore Ambas...
Slowing demand, supply glut at Muse gate drive down watermelon prices
BUSINESS Date: Oct 29, 2019   View: 146
WATERMELON prices have been cooling due to a supply glut coupled with a fall in demand at Muse gate, according to Khwarnyo Trading Co Ltd. On 18 October, about 90 trucks loaded with watermelons ...
Starbucks Extends Preparation Period for Myanmar Investment
BUSINESS Date: Oct 25, 2019   View: 211
Starbucks has been plan­ning to open 20 Starbuck stores using a $6 million investment, and they have an­nounced an extension to their preparation period. “They have extended their preparation p...
Myanmar Grants Commercial Tax Exemption for 14 Embassies
BUSINESS Date: Oct 23, 2019   View: 218
The Ministry of Commerce announced a commercial tax exemption for 14 embassies in Myanmar including Delegation of the European Union, on October 3. The ministry said it granted this exemption for e...
Myanmar showcases its products at STYLE Bangkok
BUSINESS Date: Oct 22, 2019   View: 214
Myanmar showcased traditional cotton clothing, consumer goods and traditional handicrafts at the fifth STYLE Bangkok Fair, sources say. STYLE Bangkok October 2019 will be held for five days from ...
KBZPay Facilitates $1.8 Million Transactions
BUSINESS Date: Oct 19, 2019   View: 255
KBZPay was officially launched in October 2018, they have facilitated more than $1.8 million transactions on their platform, according to data from KBZ bank. “In their first year, KBZPay has enab...
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