TBAM

Amazing Thailand Travel Fair 2019

AUTHOR: MYANMAR BUSINESS TODAY The Tourism Authority of Thailand (TAT) have organized and held Thailand’s first consumer fair in the Republic of the Union of Myanmar. The objective of this event was to present tourism products and services of Thailand to motivate more Myanmar tourists to buy these products and services, as well as to travel to Thailand.

09/04/2019

CEO Survey 2019 Indicates Skills Gap in Region

AUTHOR: ZIN THU TUN The 2019 edition of the Business Barometer: ASEAN CEO Survey carried out by Oxford Business Group (OBG) indicates that executives across the region remain largely upbeat about the economic outlook, although skills gaps risk preventing some member states from reaching their full potential.

09/04/2019

Government to Levy Five Percent Tax on Handsets and Accessories

AUTHOR: TIN MG OO 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.

09/04/2019

CBM Allows WeChat Trial in Selected Areas

AUTHOR: ZIN THU TUN 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 have decided to allow the widely used WeChat Pay in selected areas for a three-month trial.

09/04/2019

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

08/04/2019

Myanmar Permits Over 100 Foreign Investments in 5 Months

AUTHOR: XINHUA Myanmar Investment Committee (MIC) permitted 109 foreign investments as of February in present fiscal year 2018-2019 which started in October last year, according to the Directorate of Investment and Company Administration.

02/04/2019

MoneyGram Launches Money Transfer Send Service outside Myanmar

AUTHOR: TIN MG OO New service marks Increasing Financial Openness with first sending service from Myanmar by MoneyGram. MoneyGram and Myanmar Citizens Bank (MCB), are proud to announce an agreement to provide money transfer send services at every MCB bank location in Myanmar. Consumers will be able to send money from 42 branches to any MoneyGram location in more than 200 countries and territories worldwide.

02/04/2019

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.

02/04/2019

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.

02/04/2019

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.

02/04/2019