Myanmar News Updated
Highlight Myanmar News
-
Credit Bureau Set to Clean Up Financial Sector
Author: Myo Sandar : Some Micro, Small, and Medium Enterprises (MSMEs) take out multiple loans. Data from the new credit bureau will show credit history for potential customers, and aims to reduce the problem.
Read More
01/10/2019 -
YCDC Warns That Empty Industrial Zone Lots Will Be Reclaimed
Author: Myo Sandar : A whopping 40 percent of lots in 29 of Yangon’s industrial zones do not have a project being developed, according to the latest data release by the government. The regional government is now urging the lot owners to implement their projects as soon as possible, or risk having ownership taken back.
Read More01/10/2019 -
Trade Companies Failing to Register Will be Banned: Ministry of Commerce
Author: Myo Sandar : The Ministry of Commerce announced that it will not allow wholesale and retail companies to import fertilizers, pesticides, seeds, medical equipment, construction equipment, and agriculture equipment if they failed to register.
Read More24/09/2019 -
Myanmar-Thai Trade Hampered by Logistics
Author: Tin Mg Oo : The volume of trade between Myanmar and Thailand can reach up to $10 billion per year if the infrastructure is improved, said Mr. Thanawut Naigowit, Minister Counsellor of Commercial Affairs of the Royal Thai Embassy in Yangon, at the Thai-Myanmar Business Matching Logistic 2019 event held at Pullman Hotel in Yangon on September 11.
Read More24/09/2019 -
CBM Considers Easing Interest Rates Until Banks Can Set Their Own
Author: Zin Thu Tun :The Central Bank of Myanmar (CBM) is considering whether or not to ease the rules for setting interest rates until private banks can set their own, said U Soe Min, Deputy Governor of the Central Bank of Myanmar, at the Pyidaungsu Hluttaw, the country’s highest legislature.
Read More17/09/2019 -
AVIS Races into Myanmar’s Expanding Market
Author: Zin Thu Tun : Mrs. Prasoporn Tansupasiri introduces AVIS to Myanmar during the introduction event at Chatrium Hotel in Yangon, September 4, 2019.
Read More17/09/2019 -
Myanmar Global Investment Forum Held in Naypyidaw
Author: Myo Sandar :The Ministry of Investment and Foreign Economic Relations, Myanmar Investment Commission and Hong Kong based Euromoney Institutional Investor (Asia) jointly organized Myanmar Global Investment Forum at Myanmar International Convention Center - MICC 2 on September 10-11, 2019.
Read More17/09/2019 -
Microfinance and Insurance Laws Expected Next Year
Author: Zin Thu Tun : The Ministry of Planning and Finance is in the process of revising the Microfinance Business Law and Insurance Business Law, and expects to finalize the regulations in 2020, according to U Thant Zin Soe, Director General of Financial Regulatory Department.
Read More17/09/2019 -
SME Development Bank Provides up to K300 Million Loans to SMEs
Read More17/09/2019 -
Thai-Chinese High-Speed Rail to Start Operating in 2023
Author: Panarat Thepgumpanat & Chayut Setboonsarng : The first phase of an 873-km high-speed railway between Thailand and China is expected to begin operating within four years, a senior government official said on Tuesday.
Read More10/09/2019
Search
Related News
-
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
