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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?”
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12/03/2019 -
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 -
Myanmar to Build Charging Stations Across the Country
Out of 49 charging stations, four stations will be built along Yangon-Mandalay Express way, 36 stations in Yangon and five in Naypyidaw. “Charging Stations will be not only for e-buses but also for other EVs. Now, Green Power Myanmar Co., Ltd will send us five e-buses to test. For them, we are planning to build charging stations,’’ the union minister said.
Read More20/02/2019 -
Thonburi Healthcare Group Opens Its Latest Medical Centre
Thonburi Healthcare Group (THG) has announced the opening of its latest medical centre, Thonburi Bamrungmuang Hospital on Bamrungmuang Road. This specialised healthcare centre, a four-billion baht investment, comes with a six-star standard of personalized care and equipped with a comprehensive array of medical technology. The Centre is staffed by a team of experienced specialists catering to the growing aging population and medical tourism from Asia.
Read More20/02/2019 -
Yoma Strategic Acquires Majority Stake in YKKO
AUTHOR: ZIN THU TUN YOMA STRATEGIC HOLDINGS LTD. (“YOMA STRATEGIC”) HAS ACQUIRED A 65% STAKE IN YANKIN KYAY OH GROUP OF COMPANIES LIMITED (“YKKO”). YKKO WAS FOUNDED IN YANGON IN 1988 AND HAS SINCE GROWN TO BECOME ONE OF MYANMAR’S LARGEST RESTAURANT CHAINS WITH 37 OUTLETS IN YANGON, MANDALAY, NAY PYI TAW, BAGO AND MAWLAMYINE.
Read More20/02/2019 -
Liquor Licenses for Hotels Under Consideration
AUTHOR: SWE LEI MON THE MINISTRY OF HOTELS AND TOURISM HAS REPEATEDLY SUBMITTED PROPOSALS TO ISSUE LIQUOR LICENSE FOR HOTELS AND MOTELS, BUT BECAUSE OF OPPOSING VIEWS OF LAW MAKERS, CHANGE IS SLOW.
Read More19/02/2019 -
Pyithu Hluttaw Rejects Proposal to Allow Motorbikes Outlying Yangon Townships
AUTHOR: EI THANDAR TUN U Aye Naing, a lawmaker from South Dagon constituency, submitted a proposal to the Pyithu Hluttaw to decide whether or not to allow motorbikes in six of Yangon’s outlying townships. However, parliament did not accept the proposal for discussion because the objection votes outnumbered the seconded votes on the proposal.
Read More13/02/2019 -
Yangon Bus App to Launch Within Three Months
Asia Starmar Transport Intelligent Co., Ltd is developing a mobile application called Yangon Bus, which will provide information of the entire bus system such as the location of a bus in real time, and expects to launch the new app in about three months.
Read More13/02/2019
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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
