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Myanmar’s Yoma Strategic to Buy Majority Stake in Wave Money From Telenor
BUSINESS Date: Jun 25, 2020   View: 580
YANGON—Yoma Strategic Holdings, headed by Chinese-Myanmar tycoon Serge Pun, will acquire Telenor Group’s 51-percent stake worth US$76.5 million (105.99 billion kyats) in Myanmar’s...
Myanmar SMEs Urge Suu Kyi to Ease COVID-19 Loan Policies
BUSINESS Date: Jun 24, 2020   View: 651
YANGON—Myanmar’s small and medium-sized enterprises (SMEs) affected by the pandemic need the government to relax its COVID-19 loan policies in order to help businesses thrive, according...
Myanmar Independence Hero to Appear on All Banknotes
BUSINESS Date: Jun 17, 2020   View: 532
NAYPYITAW—Myanmar will introduce the image of independence hero General Aung San on banknotes of all denominations, according to the Central Bank of Myanmar (CBM). “Banknotes of all ...
Drumstick growers happy with demand from foreign markets
BUSINESS Date: May 29, 2020   View: 483
“UNDER the arrangement of the Ministry of Commerce, we have visited Viet Nam and China. The moringa is used to treat a host of ailments such as anaemia, arthritis and other joint pains, diabe...
Ygn Gov’t strives to implement industrial zones in outskirts
BUSINESS Date: May 14, 2020   View: 492
YANGON-As there are 12 Townships situated in municipal outskirts in Yangon Region, plans are underway to establish industrial zones in 11 Township except Coco Island, says Yangon Region Chief Mini...
CB Bank won three prestigious awards from Asiamoney for 2020
BUSINESS Date: May 14, 2020   View: 508
CB Bank continues to garner more awards for its achievements in delivering financial services since 1992, as Asiamoney, the international finance magazine, named the bank (1) Best Digital Bank 2020,...
Myanmar negotiates for funds to rescue embattled economy
BUSINESS Date: May 07, 2020   View: 447
The government is negotiating for foreign aid and assistance from the World Bank, Asian Development Bank and International Monetary Fund (IMF) to help it implement a stimulus plan aimed at providing...
More than 1,800 Yangon Factories to Reopen After Passing Myanmar’s COVID-19 Tests
BUSINESS Date: Apr 30, 2020   View: 465
Yangon – More than 1,800 factories in Yangon have been permitted to resume their operations after complying with official COVID-19 preventative measures, said Yangon Region’s Ministry for Immig...
Fish market demand decline during COVID-19 period
BUSINESS Date: Apr 30, 2020   View: 463
The drop in demand of the local fish market has worsened during COVID-19 period according to the general secretary Win Kyaing of Myanmar Fisheries Federation on April 27. In the fishing sector,...
Yuzana Plaza plans to reopen after April 30
BUSINESS Date: Apr 25, 2020   View: 467
Yuzana Plaza will be reopened after April 30 although it was initially planned to be reopened on April 24, said MP Hla Htay of No.1 Mingala Taungnyunt Constituency. The decision is made after a...
Vatel Thailand's BBA Provides Strong Footing For Hotel Managers and Entrepreneurs Alike, Dean says
BUSINESS Date: Apr 20, 2020   View: 251
Whether planning a career in international hotel and tourism management or setting up a boutique hotel, restaurant or cafe, a course providing the right balance between theory and hands-on experien...
Factories in Bago region to close until end-April
BUSINESS Date: Apr 20, 2020   View: 433
Bago Region Industrial Zone Management Committee released a statement that the factories in the region will suspend its operation until 30 April in the awake of COVID-19, state media reported. ...
COVID-19 hinders mangoes market near Myanmar -China border
BUSINESS Date: Apr 08, 2020   View: 472
“We have begun to export mangoes to China again but the Chinese government announced people will not be allowed entering their country. So, we could not sell mangoes in Muse. We are forced to s...
Loans approved from COVID-19 fund for 400 small firms
BUSINESS Date: Apr 06, 2020   View: 440
The Myanmar Investment Comission (MIC) says it will be issuing emergency loans to around 400 small businesses that have suffered financial losses due to the COVID-19 pandemic sweeping the world. &...
Myanmar relies on 90 per cent medical stuff import
BUSINESS Date: Mar 28, 2020   View: 446
Yangon-Myanmar has to import as much as 90 per cent of medicines and medical equipment from other countries, said U Zaw Moe Khaing, Chair of Myanmar Pharmaceutical & Medical Equipment Entrepre...
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