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Highlight Myanmar News
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Products Must Include Burmese Descriptions by March 2020
AUTHOR: EI THANDAR TUN Products sold in the country must include a label with the Burmese description starting from March next year. The time frame is set because the Consumers Protection Law was enacted in March 2019, this gives manufacturers and distributors one year to prepare.
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07/05/2019 -
Kargo Aims to Simplify Your Business Logistics
AUTHOR: NICHOLAS ONEGA Myanmar continues to be one of Southeast Asia’s fastest and most exciting economies. This creates an exciting environment for business startups of all types. Kargo, a Yangon-based company founded in 2016, is one startup that has flourished in these conditions.
Read More07/05/2019 -
Proposed Plans to Build New Port in Central Myanmar
AUTHOR: EI THANDAR TUN Ministry of Transport and Telecommunication is planning to build a port at Ayekyun Village east of the city of Pakkoku in Magway Region. They have proposed the plan to the Ministry of Planning and Finance, according to U Kyaw Myo, Deputy Ministry of the Ministry of Transport and Telecommunication, at Amyotha Hluttaw.
Read More07/05/2019 -
Suzuki Made Over 10,000 Vehicles at Thilawa
AUTHOR: ZIN THU TUN Suzuki Motor Corporation said that its plant at Thilawa Special Economic Zone in Yangon has produced over 10,000 vehicles in the year since it shifted most of its production from the plant in South Dagon Township to the new plant at Thilawa Special Economic Zone.
Read More07/05/2019 -
Myanmar’s Border Trade Reaches Nearly 5 bln USD in Mid FY 2018-19
AUTHOR: XINHUA Myanmar's trade with foreign countries through border gates reached over 4.83 billion U.S. dollars as of March 29 in fiscal year 2018-19, according to the figures from the Commerce Ministry Friday.
Read More01/05/2019 -
2 Percent Withholding Tax Returns
AUTHOR: SWE LEI MON 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 to the Internal Revenue Department.
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Myanmar and China to Launch Trade System in May
AUTHOR: PAING HTET (MMK) Myanmar and China’s Kunming government will launch a new trade system in May in accordance with MoU under which both sides will exchange goods.
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Nearly 2 bln USD Foreign Investments Enter Myanmar in First Half of FY 2018-19
AUTHOR: XINHUA Over 1.87 billion U.S. dollars of foreign investments entered Myanmar's sectors in first half of present fiscal year 2018-2019, according to the figures from the Directorate of Investment and Company Administration (DICA).
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Govt to Draft New Hotel Rating System
AUTHOR: SWE LEI MON The government will collaborate with local and foreign associations to draft a new framework for rating local hotels. According to the Ministry of Hotels and Tourism, the rating system is being built with the goal to attract more tourists.
Read More01/05/2019 -
How NYDC Develops New Yangon City Sustainably
AUTHOR: EI THANDAR TUN For the scoping of the environmental study perimeter for New Yangon City project, the NYDC team has conducted several discussions with relevant specialists and officers from the Ministry of Natural Resources and Environmental Conservation (MONREC) - Environmental Conservation Department (ECD) since mid-2018.
Read More01/05/2019
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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
