Shop.com.mm, the Myanmar arm of China’s largest e-commerce company Alibaba Group, generated sales of over US$90,000 (K143 million)in the first hour of its first-ever Singles Day online sale on November 11. The occasion, also known as 11.11, is the biggest shopping event in China. Shop which is the largest online shopping platform in Myanmar, received more […]
Read MoreMyanmar is tuning up efforts to draw investments into the country. In Parliament Monday, the establishment of the new Ministry of Investment and Foreign Economic Relations was approved, paving the way for better coordination between related ministries and organisations on local and foreign investments and development projects implemented with foreign aid or loans. The newly […]
Read MoreThe European Chamber of Commerce Myanmar (EuroCham) and local industry organisation Myanmar Automotive Group (MAG) have signed an agreement to cooperate on efforts to advocate for a stronger automotive industry in Myanmar. The agreement signed by EuroCham’s Automotive Advocacy Group and MAG last week is expected to work on suggestions for the government to help […]
Read MoreWith fresh oil and gas reserves at Myanmar’s offshore blocks now approved for commercial activities, the Ministry of Energy and Electricity (MOEE) will invite international tenders for up to 31 oil and gas exploration fields in early 2019. The last round of exploration and production tenders was held under the former government in 2014. The […]
Read MoreThe Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]
Read MoreThe commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of Myanmar” […]
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