Government efforts to prevent illegal border trade have not been effective or sufficient and counterfeit goods are still being smuggled into the country. In fact, things are worse than before. “Illegal trade can’t be controlled. Illegal trade is worse than before even though measures were taken to reopen some of the border gates by the […]
Read MoreGovernment departments are rushing to manage and regulate e-commerce for tax purposes, according to the Ministry of Commerce (MOC) and Internal Revenue Department (IRD). Currently, e-commerce businesses mostly use Facebook to promote or trade products. Meanwhile, other online platforms created specifically for online shopping are growing quickly in the local market, according to the Myanmar […]
Read MoreThe Ministry of Commerce (MOC) has issued its standard operating procedure (SOP) for retail and wholesale business registrations as well as a list of products allowable for trade. The updates were announced on July 26, more than two months after notification (25/2018) was officially released, allowing retail and wholesale services run by wholly-owned foreign companies […]
Read MoreMandalay’s Hilton Hotel will host a property sales expo on August 4 and 5. The expo will feature condominiums in Yangon and the nine projects in Mandalay Region, according to U Kyaw Si Thu, director of Success Property Consultant. High-end condo projects in Yangon such as Golden City, Kanbae Towers, River Front Garden, May Inya, […]
Read MoreMyanmar’s new foreign direct investment act is expected to attract more Thai investment in the neighbouring country, says the head of the Thai Business Association of Myanmar. Myanmar’s ambition to promote marine tourism along the virgin beaches of the Bay of Bengal has attracted Thai tourism operators. Association president Surasak Keeratichokechaikul said that once the […]
Read MoreThe US dollar yesterday surged to a high of K1425, buoyed by the Federal Reserve’s hawkish guidance and tension on trade between the world’s largest economies. The Central Bank of Myanmar set its reference rate at a record high of K1415 to the dollar. While the dearer exchange rate will likely have an impact on […]
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Thailand
