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Digital Payments Launched for SME Registration
Myo Sandar : The Directorate of Industrial Supervision and Inspection under the Ministry of Planning, Finance and Industry said that those applying for SME membership cards through its website www.msmewebportal.gov.mm/login can now pay registration fee online.
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11/02/2020 -
NTT Myanmar Gears Up to Offer ICT Enterprise Solutions
Ei Thandar Tun : NTT Myanmar, the Yangon-based affiliate of international technology service provider NTT Ltd., has secured a business-to-business wholesale license from the Ministry of Commerce to offer information and communications (ICT) solutions and managed services to enterprise clients in Myanmar.
Read More28/01/2020 -
Yangon Chief Urges Investors to Keep in Touch
Tin Maung : Speaking at a recent workshop on helping investors, the Chief Minister of Yangon urged local and foreign investors to keep in touch with the local government so that it can provide them with timely help and support.
Read More22/01/2020 -
Corn Exports Talks with Thailand in the Works
Myo Sandar/Myanmar Business Today Traders from Myanmar and Thailand are planning talks on corn exports following offers from the Thai side to buy up to 1 million tons of corn per year. The two sides hope to sign an agreement in early 2020. Last year, Myanmar exported 700,000 tons of corn to Thailand.
Read More03/12/2019 -
Mandalay to Suspend SME Membership Application in December
Zin Thu Tun/Myanmar Business Today The Directorate of Industrial Supervision and Inspection (Mandalay) will suspend SME membership applications, both online and offline, throughout December to allow time for the agency to work on expanding the registration system and review existing data.
Read More03/12/2019 -
First Private Bank to Sell 35 Percent Stake to Foreign Banks
Myo Sandar/Myanmar Business Today First Private Bank, the only listed bank in Myanmar, will take on foreign partners, which by law can own up to 35 percent of its shares, the bank revealed at its November 24 annual general shareholders’ meeting. It has not yet named any potential partner.
Read More03/12/2019 -
Insurance Licenses Awarded to Foreign, Joint-venture Companies
Myo Sandar/Myanmar Business Today The Ministry of Planning and Finance granted insurance licenses to five foreign-owned life insurers, three joint-venture life insurance companies and three joint-venture general insurance companies at a November 28 ceremony in Naypyidaw.
Read More03/12/2019 -
Only 19 Companies in Kachin State Registered for Investment Privileges
Tin Mg Oo/Myanmar Business Today Although many companies are operating in Kachin State, only 19 have registered in accordance with Myanmar Investment Law, according to U Aung Naing Oo, Permanent Secretary of the Ministry of Investments and Foreign Economic Relations.
Read More27/11/2019 -
CBM Issues Rules for Cross-Border Money Transfers
Myo Sandar/Myanmar Business Today In a move to counter illegal money transfers, the Central Bank of Myanmar on November 15 issued rules for cross-border remittances.
Read More27/11/2019 -
Conference Urges Myanmar Businesses to Scale Up, Reskill Workforce
Myanmar Bussiness Today Businesses need to develop a scaling-up strategy and reskill their workforce in order to succeed in today’s global marketplace, according to speakers at a recent conference titled “Scaling Your Business: Grow-Connect-Leverage Business Success”.
Read More26/11/2019
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5 Key Potential Investment Sectors for Thai Investors
Author : Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). " One of the very famous questions that has always been asked by the Thai investors for Myanmar is what the high potential business sectors are for Thai business. " There are many sectors that have high potential but TBAM committees have analyzed that these 5 sectors are the key potential
Read More08/04/2019 -
Telenor Holds Sustainable Business Briefing
AUTHOR: EI THANDAR TUN Telenor Myanmar hosted its 6th annual sustainability briefing to present an update on its ongoing and new sustainability initiatives within Myanmar. The presentation focused on key sustainability areas contributing to sustainable and responsible growth as Myanmar moves toward digital society. Key initiatives include Mobile Connectivity, Impact on Economy, Supply Chain Integrity, improving Safety, Operations in Ethnic Areas, Tackling Hate Speech and Empowering Society.
Read More02/04/2019 -
Telecom Operators Allowed to Sell Only 2 SIM Cards Per ID Card
AUTHOR: SWE LEI MON Telecom operators are not allowed to sell more than two SIM cards to an individual starting from April 1. The purpose of the change is to protect the privacy of users, according to the Department of Post and Telecommunications under Ministry of Transport and Communications. The Ministry has ordered all operators not to sell more than two SIM cards per identity card, and the Ministry will ban all other sim cards from that telecom from being registered under a single ID card. The reason is twofold.
Read More02/04/2019 -
Yangon Real Estate Only Seeing Demand for Rentals
AUTHOR: HTWAL SAN Due lack of investment in Yangon’s real estate sector, there is very little demand for real estate properties with exception of rental properties, according to local real estate agents. “Investment in real estate is very low and thus the real estate market is inactive. There is only demand for rental properties. Before, the prices were set based on location. But now there is no set price. If you like the price, you will sell it or buy it,” Daw Moh Moh Aung, Secretary of Myanmar Real Estate Services Association, said.
Read More02/04/2019 -
MDA Requests Government to Finalize Apartment Bill
AUTHOR: HMONE LAY Myanmar Developer Association (MDA) has made a request for government to prepare the Apartment Bill as soon as possible in order to protect apartment buyers. The law will allow for two things. First it enables apartment owners to legally register, sell or sub-lease their apartments in accordance with law, and secondly, the government will be able to legally collect tax on the sale of the apartment.
Read More02/04/2019
