Myanmar News Updated
Highlight Myanmar News
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METRO Officially Kicks Off its Wholesale Operations in Myanmar
AUTHOR: ZIN THU TUN METRO officially announced its market entry into Myanmar, the occasion marks the 36th country in the German company’s international portfolio. Built on its modern warehouse in Yangon and empowered by its efficient digital ordering and delivery services, METRO Wholesale Myanmar is serving local professional customers in the fast-growing hospitality and tourism sectors.
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19/03/2019 -
Myanmar, Thailand Border Trade Hit 1.4 Bln USD in 1st Half of FY 2018-19
AUTHOR: XINHUA Border trade between Myanmar and Thailand totaled about 1.4 billion U.S. dollars in the first half of fiscal year (FY) 2018-2019 which started in October last year, according to the figures from Myanmar's Ministry of Commerce Saturday.
Read More19/03/2019 -
MPT to Offer New Data Plans for International Travel
AUTHOR: SWE LEI MON MPT has announced special international data roaming rates for customers travelling to other countries. MPT customers can stay connected with friends and family while they are abroad with promotional prices offering up to 99% discount on standard tariff.
Read More19/03/2019 -
Myanmar Meets with China to Raise Rice Import Quota
AUTHOR: SWE LEI MON Myanmar will sign an MoU with China for rice trade, the request to increase the rice import quota to China by as much as 400,000 tons of rice per year, according to the statement of Myanmar Rice Federation. The delegation led by Union Minister for Planning and Finance, U Soe Win, and officials from Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Rice Federation (MRF) attended the 2nd China Myanmar Economic Corridor Forum held in Yunnan, China from February 18 to 23.
Read More12/03/2019 -
Government Warns Tender Winners of Blacklisting for Breach of Contract
AUTHOR: AMY AUNG (MMK) The government will blacklist tender winning companies if they are in breach of contract, warned Daw Ni Lar Kyaw, Regional Minister of the Ministry of Electricity, Industry and Transportation. She explained that if a company fails to supply the required goods on time, or if the quality of their product fails to meet requirements, they could be blacklisted.
Read More12/03/2019 -
Myanmar Estimates K7.2 Trillion Budget Deficit
AUTHOR: SWE LEI MON Myanmar is suffering from severe budget deficits every single year, and estimates indicate that the budget deficit in Fiscal Year 2019 will be around K7.2 trillion according to the Ministry of Planning and Finance. During the six-month transitional fiscal year from April 2018 to October 2018, Myanmar recorded a budget deficit of K4.2 trillion, said U Maung Maung Win, the Deputy Minister of the Ministry of Planning and Finance, at the Union Parliament.
Read More12/03/2019 -
Interview: Nokia’s CSO to Myanmar Discusses 5G
AUTHOR: SWE LEI MON Telecommunication technology has advanced from 3G to 4G, and now 5G is making a lot of waves in the sector. Experts believe that the world is shifting to 5G. At this exciting time in technology advancement, an interesting question to ask is: Can Myanmar, which just joined the “mobile dance” in 2014, successfully transition to 5G along with everyone else?”
Read More12/03/2019 -
Online Tax Payments Now Available
AUTHOR: SWE LEI MON With the goal of making tax payments easier for taxpayers and encouraging people to pay taxes, the government has been implementing the online payment system since 2014, Daw Khine Shwe War, the Deputy Director General of the Central Bank of Myanmar, once said in a meeting at the Ministry of Commerce.
Read More04/03/2019 -
Myanmar, Vietnam Trade Reaches Nearly 200 mln USD in First Quarter Of FY 2018-19
AUTHOR: XINHUA Bilateral trade between Myanmar and Vietnam reached 196 million U.S. dollars as of December in the present fiscal year 2018-2019 which started in October last year, according to the figures from the Commerce Ministry on Saturday. During the first quarter of this FY 2018-2019, Myanmar's export to Vietnam hit 48.5 million U.S. dollars while its import shared 147.7 million U.S. dollars.
Read More28/02/2019 -
Government Urges Foreigners To Register with Local Authorities
AUTHOR: TIN MG OO One way a foreigner can be found in violation of the law is by failing to register within 24 hours of arriving in the country, or by overstaying their visa. Foreigners that break the law by overstaying their visa are fined at the port of entry (airport or land border checkpoint) when they leave the country. A fine of $3 dollars per day will be charged for an overstay of less than 90 days, and a fine of $5 per day for anything 90 days and over.
Read More20/02/2019
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Related News
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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
