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Mottama to Lease Space in M Tower by 2020
Oct 10, 2019
Mottama Holding Limited said it will begin leasing floor space in the new M Tower, which is expected to open in June or July next year. The 26 story steel structure tower is the first of its kind in M... 119

MAEX Prepares to File at Yangon Stock Exchange
Oct 10, 2019
Myanmar Agro Exchange Public Lt. (MAEX), which builds and operates Da Nyin Gone Fruit, Vegetable and Fruit Wholesale market, said it has prepared all the requirements to be listed at the Yangon Stock ... 88

Myanmar coffee producers seek to expand export markets
Oct 09, 2019
US and Myanmar partners celebrated achievements in Myanmar’s coffee and other agriculture sectors in Yangon Tuesday at an event marking the end of the US Agency for International Development (US... 104

Seintalone mango growers in Bogale Township get good prices
Oct 09, 2019
SEINTALONE (Diamond Solitaire) mango growers said they are getting a better price for their mangoes this season due to a huge demand in the Bogale market of Ayeyawady Region. “A box of 10 mang... 92

Ample Fish Supply Causes Prices to Sink
Oct 04, 2019
The closed season for fishing started on June 1 and ended on August 31. The result is that there is now an ample supply of fish in the market, lowering prices and causing shortage of space in cold sto... 138

Myanmar Plans to Export Gold Leaf and Gold Bars
Oct 03, 2019
Myanmar will export gold leaf and gold bars to European countries, Dubai, and Hong Kong in October, according to U Myo Myint, President of Yangon Gold Entrepreneurs Association. The plan is to expo... 154

Trade Companies Failing to Register Will be Banned: Ministry of Commerce
Sep 25, 2019
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 ... 165

Microfinance and Insurance Laws Expected Next Year
Sep 21, 2019
he 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 So... 195

Property Tax Generates K43 Billion
Sep 10, 2019
During the first ten months of this fiscal year, Myanmar generated around K43 billion from levying tax on buying and selling real estate. The total exceeds last year’s amount by K6.9 billion than... 278

Demand sees gold prices surge to nearly K1.3million
Sep 07, 2019
Uncertainty and seasonal factors have been leading more people to jump into gold as a safe haven, pushing up prices of the precious metal, gold traders in Yangon say. Local prices for gold reac... 267

Bank collapse rumour is false : State Counsellor
Sep 07, 2019
n a meeting with the MPs from Bago Region on September 5, Myanmar State Counsellor Daw Aung San Suu Kyi said widespread rumour about the bank is untrue. The public don’t need to worry about it, said... 256

Gold Association Warns Against Trading Based on Oral Contracts
Sep 03, 2019
The Myanmar Gold Entrepreneurs Association has reminded its members not to conduct gold trading based on oral contracts amid raising gold prices, which has seen an upward trend since June. “Execu... 350

Withholding Tax Lowers Golds Potential
Sep 02, 2019
Myanmar has only allowed gold and jewelry to be exported from the country since September 2018. Since that time, there have only been three occasions where gold was exported. Those three exports combi... 331

Central Bank deputy chief says businesses should pay loans
Aug 31, 2019
Banks have a fiduciary duty to ensure that the financial system remains sound and secure by adhering to regulations. Central Bank of Myanmar (CBM) deputy governor U Soe Thein said in remarks to... 315

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 ... 522

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... 494

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... 599

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... 614

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... 565

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 ... 700

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