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Central Bank Extends WeChat Pay for Three Months
Aug 13, 2019
China’s WeChat Pay was introduced to Myanmar earlier this year. Now, Central Bank of Myanmar has decided to extand the license period of the digital payment service for the next three months. In ... 85

UAB Bank to Verify Large Transactions in Order to Combat Fraud
Aug 13, 2019
Beginning on July 1, United Amara Bank (UAB) will use a telephone verification system for every transaction exceeding K1 million, if the transaction is initiated by a representative rather than the ac... 71

Local Banks Provide K21 Trillion in Loans in 6-Month Period
Jul 26, 2019
According to the Quarterly Financial Statistics Bulletin 2018, Volume 3, which was recently released by the Central Bank of Myanmar, between March and September 2018, local private banks provided arou... 222

Commercial Tax Generates K700 Million Per Week
Jul 26, 2019
The Internal Revenue Department said that revenue from commercial tax on mobile sales has surged to roughly K700 million per week, the surge is after they instructed local mobile stores to put commerc... 239

K119 Million Collected in Tax Fines
Jul 26, 2019
The Government of Myanmar has generated over 119 million between October 2018 and May 2019 from fining restaurants, hotels and motels for failing to put tax stamps on receipts, according to the Intern... 197

Yangon Stock Exchange Hits K1.3 Billion in June
Jul 23, 2019
The five listed companies trading on the Yangon Stock Exchange (YSX) hit K1.3 billion in June, the highest amount of trading was seen by First Myanmar Investment (FMI) and Myanmar Thilawa SEZ Holding ... 273

2020 Target for Opening Yangon’s New “International Standard” Myanmar Aquarium
Jul 13, 2019
The Mottama Development Group says that it will work to open the aquarium it has been building in 2020. It has been building the new facility on five acres of land in Kandawgyi Park, spending some $30... 350

Mottama Development Group Holds Exhibition for Five Projects
Jul 13, 2019
Mottama Development Group is one of the leading developers in Myanmar, they have opened an exhibition at Maha Land Center located on Gabaraye Road, Yangon, for its five projects. The exhibition wil... 310

Myanmar's new insurers face a tough sell
Jul 11, 2019
The insurance sector is about to undergo rapid growth thanks to a recent liberalisation, but competition will be fierce and attracting customers to new, unfamiliar products could prove hard. WHEN T... 281

Domestic fuel prices rise by three percent in ten days
Jul 04, 2019
Global oil prices reached US$59 per barrel (14 percent increased within three weeks) making domestic fuel prices to rise by around three percent within ten days, according to fuel stations. The gl... 348

Pyin Oo Lwin Property Expo Sells Out
Jun 27, 2019
iMyanmar House organized a property expo for 9th Avenue Residence, developed by Hillman Land Company in Pyin Oo Lwin Township. The event was held at Melia Hotel in Yangon on June 15-16 and managed to ... 450

Upward trend seen for local gold prices
Jun 24, 2019
Local gold prices will continue to rise supported by uncertainties such as the US-China trade dispute, volatile stock markets andthe move by major central banks to lower benchmark interest rates. Mya... 481

Domestic fuel market sees slight change in one week
Jun 24, 2019
THERE was no significant change in fuel prices in the domestic market during the week between 17 and 23 June, local retailers said. According to filling stations, a litre of 95 Octane was sold f... 444

Myanmar to ease decades-old alcohol import ban
Jun 22, 2019
Just months after the Yangon government strictly enforced a ban on stores selling foreign liquor, the Ministry of Commerce announced it would come up with draft legislation this year to relax the ... 479

Yangon Inviting Foreign Investors to Help Provide Low-Cost Housing
Jun 13, 2019
The Yangon Regional Government will implement low-cost housing for people who do not have a home; individuals in this situation will only need to pay for the apartment, not the land. U Phyo Min The... 492

Local gold price likely to slip further: gold traders
Jun 11, 2019
TRACKING the drop in the price of gold globally, the yellow metal is likely to continue its slide in the domestic market, said U Ohn Myaing, General Secretary, Myanmar Gold Entrepreneurs Associa... 490

Gem sale in local currency continues in Nay Pyi Taw
Jun 11, 2019
THE third day of a sale of gems and jades in the local currency continued at the Mani Yadana Jade Hall in Nay Pyi Taw yesterday, putting up 260 gem lots and 3,108 jade lots for sale through an o... 477

Japan-backed Thilawa special economic zone expanding
Jun 08, 2019
YANGON — A Japan-backed special economic zone in Myanmar is expanding as an alternative production hub for China and Viet Nam, attracting growing numbers of Japanese and other foreign firms to... 464

Myanmar in Talks with Authorities from China
Jun 06, 2019
Myanmar is currently having discussions with authorities from Yunnan province and Shanghai province in order to export agricultural and livestock products from the Yangon market, said U Phyo Min Thein... 486

MNA air tickets to be sold at 15% discount at Travel Fair 2019
May 31, 2019
Prices of domestic and international plane tickets will be sold at a 15% discount at Travel Fair 2019 of Myanmar National Airlines (MNA). Travel Fair 2019 will be held at Myanmar Plaza in Yangon o... 564

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