The Central Bank of Myanmar (CBM) will sell new quarter-tical gold coins with national leader Bogyoke Aung San’s portrait, according to State media. The CBM has been selling gold coins in weights of one tical, half-tical and quarter-tical since 1991. One tical is equivalent to around 16 grams. Currently, one-tical coins bear a single star, […]
Read MoreTanintharyi eyes investments in core sectors, including hospitality Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including […]
Read MoreHeineken Myanmar is raising its corporate social responsibility (CSR) efforts as it commits to running a long term, sustainable brewing business in the country. Last year, the Dutch brewer reduced its carbon emissions by 17 percent per hectoliter of beer produced compared to the year before. It also reduced the volume of water used to […]
Read MoreMYANMAR’S hopes of becoming Asia’s last frontier market would be realised only if the government could create a clear and transparent regulatory environment for attracting investment and financing the economy, according to Patrick Cooke, regional editor for Asia at Oxford Business Group (OBG), a global research and consultancy firm. “It is imperative that the government […]
Read MoreCasinos will be allowed to operate in Myanmar after amendments are made to the Gambling Law by the Ministry of Home Affairs (MHA), is enacted, said U Aung Naing Oo, director general of the Directorate of Investment and Company Administration (DICA) this week. This comes after five regional and state chief ministers from Mandalay, Tanintharyi, […]
Read MoreMyanmar furniture, once renowned for its quality and craftsmanship, appears to have lost its appeal in domestic and international markets. Local demand has plummeted owing to soaring prices, while overseas interest has dwindled due to declining quality over the past few years. Meanwhile, a rising number of households and offices have instead been importing furniture […]
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