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Petrol prices anchored by strengthening kyat: officials
May 13, 2019
The strength of the Myanmar kyat has been a key factor in helping go stabilise local petrol prices at a time when global oil prices have become increasingly volatile. Since the start of the ye... 65

Over 16,000 tons of jade produced in six months last year
May 09, 2019
Between April to September last year, Myanmar produced 16,397 tons of jade, according to the coverage of the statement by the Central Statistical Organization, in the State-owned newspapers. The c... 80

Residents near Wetthe Lake earning good income from lotus fibre production
May 06, 2019
THE residents of Shanywagon Village near the 800-year old Wetthe Lake said they are now generating a good income mainly from production of natural lotus fibre. Located at Salin Township in Minb... 127

2 Percent Withholding Tax Returns
May 04, 2019
The Ministry of Planning and Finance will reinstate the withholding income tax of 2 percent on exports starting May 1. The change is due to some cases of tax dodging by individual exporters, according... 160

CityMart replaces FMI to rank first in Pwint Thit Sa corporate disclosure report
May 01, 2019
YANGON — Familiar names featured among the top ranked companies in the latest Pwint Thit Sa report on corporate governance and transparency, which for the first time assessed the performance of lead... 164

Vice, gambling and tiger parts on Myanmar’s China frontier
Apr 30, 2019
Bentleys and BMW convertibles roll up to the "Venetian Casino" in Mongla on the Myanmar-China border, a melting pot of sex, drugs and gambling on a frontier that has also become a "supermarket" for i... 178

Four local life insurance providers form JVs with foreigners
Apr 30, 2019
Four domestic life insurers will cooperate with their foreign counterparts to form joint ventures in Myanmar, according to the Myanmar Insurance Association (MIA). Citizen Business Insurance (C... 152

Yangon Government Issues Condominium Licenses for 32 Developers
Apr 28, 2019
Yangon Regional Government said it has issued 32 condominium licenses for real estate developers as of April 6. All licenses are issued for Yangon while other regions and states have not received any ... 195

Mogok attracts more tourists in six months since opening to foreigners
Apr 28, 2019
Over 900 foreign tourists have visited Mogok, famed as Myanmar’s ruby centre, since the government opened it to foreign visitors in September, according to Mandalay Region’s Directorate of Hot... 171

Yangon Government Issues Condominium Licenses for 32 Developers
Apr 24, 2019
Yangon Regional Government said it has issued 32 condominium licenses for real estate developers as of April 6. All licenses are issued for Yangon while other regions and states have not received any ... 176

YSX’s stock trading slumps
Apr 20, 2019
Stock trading at Yangon Stock Exchange (YSX) has declined over 80 per cent after the water festival, compared with early April, according to the figures from the stock market. On April 2, there we... 194

AGC Group's Indonesian Company, PT Asahimas Flat Glass, Starts Commercial Production of High Value-added Products at Cikampek Plant
Apr 18, 2019
AGC Inc. announced on April 15 that the AGC group's Indonesian unit, PT Asahimas Flat Glass Tbk (AMG) (*1), began operating a mirror line at its Cikampek plant in the first quarter 2019 following the ... 210

Local Animal Feed Prices Unstable
Apr 17, 2019
Local raw materials for making animal feed has continued to be unstable, this reflects the market situation in China, Dr. Thet Muu, President of Myanmar Fish and Shrimp Feed Producers Association, sai... 232

Sales of Shared in FMI Air Limited
Apr 17, 2019
The Board of Directors of First Myanmar Investment Public Co., Ltd. (the "Company" and with its subsidiaries. the "Group") wishes to announce that the Company has on 22 March 2019 entered into a condi... 235

CBM Allows WeChat Trial in Selected Areas
Apr 17, 2019
With the increased number of Chinese tourists coming to Myanmar, Central Bank of Myanmar is working to make payments easier for tourists in order to encourage more spending. To accomplish this, they h... 257

Government to Levy Five Percent Tax on Handsets and Accessories
Apr 15, 2019
The government will levy a five percent commercial tax on the sale of handsets and accessories starting from June 1 this year, according to U Min Htut, Internal Revenue Department. “We will enfor... 196

Chinese firm seeks to build a theatre in Bagan
Apr 07, 2019
A chinese company is interested in building a theatre in the Bagan heritage zone in Mandalay Region, according to the Department of Archaeology and National Museum in Bagan. Officials of the Yu... 330

Yangon Real Estate Only Seeing Demand for Rentals
Apr 05, 2019
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. “Invest... 297

Per capita income of citizens projected to hit 3,000 USD in 2030
Mar 19, 2019
Per capita income of citizens is projected to hit 3,000 US dollar per year in 2030, and the World Bank’s the ease of doing business index for Myanmar rises to within the top 100 by 2020, said Vice-... 358

Fourth day of Myanma Gems Emporium continues in Nay Pyi Taw
Mar 15, 2019
ON the fourth day of 2019 56th Gems Emporium, 69 gems lots were reported to be sold at Euro 1.024 million. A total of 500 gems lots were put up for sale through an open tender system on the four... 376


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