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Mineral Development Bank to provide loans to gems, mineral SMEs
Nov 16, 2018
Myanmar yesterday opened the first Mineral Development Bank (MDB) to provide banking services to small and medium size enterprises (SMEs) in the gems and mineral sector. “The MDB was established ... 43

Gems, jade stones put up for auction in Nay Pyi Taw
Nov 13, 2018
RAW gems and utility jade are being put up for auction in the local currency at the Mani Yadana Jade Hall in Nay Pyi Taw from 12 to 17 November. On Monday morning, raw gems and jade were display... 90

Jade traders call for WeChat ban
Nov 13, 2018
Jade traders in Mandalay say the use of WeChat by Chinese brokers is hurting business and want the use of the social media app to be banned. JADE TRADERS in Mandalay have launched a campaign to ban... 83

Ministry of Commerce Eyeing Mango Exports to the EU
Nov 13, 2018
European market, which receives 40 percent of the world’s mango exports, are interested to importing mangos from Myanmar. Therefore, the Ministry of Commerce and local traders are working to export ... 72

Businesses positive over growth prospects
Nov 11, 2018
Mandalay is poised to become the second-largest hub for growth after Yangon, the city’s chief minister Dr Zaw Myint Maung said at the Mandalay Business Forum held over the weekend. Dr Zaw Myint M... 116

Rise in dollar rate, but drug prices remain low: MPMEEA chair
Nov 09, 2018
THE rise in the US dollar exchange rate against Myanmar’s currency has hiked up the price of imported medicines, yet drugs are being sold at rates lower than the prevailing price levels, said U... 106

FATF to review Myanmar over money laundering concerns
Nov 06, 2018
YANGON — An assessment of Myanmar’s efforts to tackle money laundering and terrorist financing has found significant weaknesses, including a failure to recognise the “serious” money laundering... 127

Shwe Bite set to delight office workers with home-cooked food
Nov 06, 2018
Thousands of office workers in Myanmar’s commercial hub will no longer need to bother about finding delicious food for their lunch thanks to Shwe Bite, a technology platform that aims to offer healt... 118

Yangon hustle: the shadowy trade in gold and dollars
Nov 05, 2018
Panic over a falling currency and surging gold prices has put the spotlight on a network of brokers and speculators profiting from – and possibly fuelling – volatility. “THE GOVERNMENT will t... 161

Masked man robs an online store in Yangon
Nov 03, 2018
A masked man robbed an “online” store, one that mainly operates online, on Parami Road in South Oakkalapa Township, Yangon on November 1, sources said. The man entered the store around 11:45 am... 128

Myanmar business organization calls on EU to deliberate on trade sanctions
Nov 01, 2018
The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) called on the European Union (EU) to deliberate on its intended trade sanctions on the country, expecting a balanced asses... 129

AGD Bank Now Accepting EMVbased UnionPay Chip Card Transactions
Nov 01, 2018
Asia Green Development Bank (AGD) is now accepting EMV-based UnionPay chip card transactions in all its ATMs, becoming the first bank in Myanmar to offer the service. AGD Bank, UnionPay International ... 140

Shwe Property’s Third Real Estate Expo Generated $28 Million USD
Oct 31, 2018
Shwe Property organized its third biggest real estate expo in Myanmar and managed to generate over $28 million worth sales. The expo was held from October 19-21 at Tatmadaw Hall in Yangon, and rec... 160

MRBEA to Implement Integrated Bamboo Industrial Zone
Oct 31, 2018
Myanmar Rattan and Bamboo Entrepreneurs Association (MRBEA) will implement an Integrated Bamboo Industrial Zone in six years 2019-2024. The association proposed the plans to U Ohn Win, Union Minist... 150

New Myanmar auto import policy announced
Oct 30, 2018
Myanmar has outlined a new auto import policy for 2019, saying that only vehicles with left-hand drive can be imported to suit the country's traffic route direction, Xinhua has reported quoting an ann... 139

Myanmar-Singapore joint venture increases capital in aviation fuel import
Oct 26, 2018
A Myanmar-Singapore joint venture company has increased its capital injection by 10.2 million U.S. dollars in aviation fuel import, storage and distribution businesses, Xinhua has reported. The Nat... 195

Pigeon pea plantation acreage remarkably drops from uncertainty of India’s market
Oct 24, 2018
FOLLOWING the Ministry of Commerce’s instruction to reduce plantation acres due to low market share of mung bean and pigeon pea to India, the number of pigeon peas plantations dropped by half ... 211

Rising demand for home loans could stabilise property market
Oct 23, 2018
Housing loans and repayments of those loans in monthly instalments have begun to flourish in Myanmar’s real estate market since the beginning of this year, as more construction companies and real es... 223

Myanmar welcomes more investment from Hong Kong
Oct 22, 2018
A Myanmar Investment Promotion seminar was held on October 16 at Island Shangri-La, Hong Kong. The seminar was attended by Mr. Edward Yau, Secretary for Commerce and Economic Development and Officials... 252

Yoma Bank and MC Easy Microfinance sign two MMK 4 Billion Agreements
Oct 20, 2018
Yoma Bank and MC Easy Microfinance company limited signed two funding agreements of total MMK 8 billion (MMK 4 billion each). The first agreement was successfully completed in September, according t... 237

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