Myanmar News Updated
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Mon State Parliament Moves Toward Paperless Billing
AUTHOR: ZIN THU TUN Mon State’s Parliament approved a motion on May 6 urging the government to shift away from using paper for utility bills as the foundation for their payment system, and instead, utilizing an online payment method along with a mobile app.
15/05/2019
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Yoma Bank to Provide Digital Small Business Loans to Shop Sellers
AUTHOR: EI THANDAR TUN Yoma Bank has just partnered with Shop (shop.com.mm) sellers via their latest unsecured small business loan product, SMART Credit Plus. SMART Credit Plus was unveiled earlier this year when Yoma Bank entered strategic partnerships with Wave Money and the Union of Myanmar Travel Association (UMTA), offering SMART Credit Plus loans to their agents and members.
15/05/2019
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Myanmar to Resume Sending Maids Abroad
AUTHOR: SWE LEI MON For the last five years it has been illegal for maids to go work overseas, however the Myanmar government is planning to illegalize overseas employment for maids, they are preparing to sign an agreement that will allow maids to go abroad for work.
15/05/2019
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Deloitte Myanmar Remains Committed to Advancing Myanmar’s Economy
AUTHOR: MYANMAR BUSINESS TODAY On April 9, 2019, Deloitte Myanmar – which specializes in a range of key industries and sectors, including the consumer and financial service industries, as well as the oil and gas infrastructure sectors – held a gala dinner in the grand ballroom of the Pan Pacific Yangon Hotel. The event was organized to thank the company’s clients for their strong support over the
15/05/2019
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MIC Aims to Facilitate Foreign Investments
AUTHOR: MYANMAR BUSINESS TODAY The Myanmar Investment Commission (MIC) collaborated with the DaNa Facility, a UK aid-funded program, to organize a one-day workshop to promote and facilitate foreign investments. Over 50 officials, who represented 16 different agencies of the Myanmar Government that deal with such investments, were in attendance. The workshop provided an enhanced understanding of fo
15/05/2019
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SCG Q1 Report, Places More Focus on Packaging and Cement
AUTHOR: ZIN THU TUN SCG announces Q1/2019 Operating Results and is ready to exponentially accelerate growth strategy, especially the packaging business and retail offshoot of cement-building materials business which display a consistent growth track. The overall operating results show an increase in profits of 11% quarter-on-quarter (q-o-q), but dropping to 6% year-on-year (y-o-y)
07/05/2019
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Government and Six Companies Ink Deal to Extend Power Grid
AUTHOR: ZIN THU TUN The Ministry of Electricity and Energy and six tender winning companies signed a contract on April 30th to build new power grids and transformers which will service 590 villages in the Yangon Region, Mandalay Region, Sagaing Region, Magway Region, Rakhine State, Shant State (North), Mon State and Karen State.
07/05/2019
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Hydropower Production Decreases in April
AUTHOR: EI THANDAR TUN & ANDREW P. JOHNSON There is no perfect solution to the issue of energy production. Each type of energy source has unique challenges, and therein lies the challenge for Myanmar. Fossil fuels pollute the environment with carbon dioxide, methane, nitrogen and particulates into the atmosphere. Solar panels are inefficient, dependent on sunny weather,
07/05/2019
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MIC Approves $290 Million Terminal Project
AUTHOR: ZIN THU TUN Myanmar Investment Commission (MIC) approved an upgrade to No.2 terminal in Ahlone International Port located in Ahlone Township, Yangon by using a $290 million investment.
07/05/2019
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Introducing Thailand’s New Ambassador to Myanmar
AUTHOR: ANDREW P. JOHNSON Thailand has appointed a new ambassador to Myanmar, and Myanmar Business Today has an opportunity to visit the Royal Thai Embassy and talk with the ambassador.
07/05/2019
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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
08/04/2019
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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
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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.
02/04/2019
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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
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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
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