The Yangon regional government will give a permit to vehicles which are entrusted to smelting factories and which have a Yangon address, Daw Nilar Kyaw, regional minister of electricity, industry, transport and communication said. Under the former government, the authorities issued an instruction that car owners must entrust their vehicles to the Road Transport Administration Department […]
Read MoreThe use of mobile money services offered by telecommunications operators have been increasing throughout the country, officials of the two leading service providers Telenor and Ooredoo said Wednesday. Telenor Myanmar launched mobile money service through Wave Money in 2016, while Ooredoo Myanmar launched its mobile money services through M-Pitesan in September. These digital money transfer services […]
Read MoreA total of 6,875 gems, including two jade lots worth €5.8 million, will be exhibited for sale at the 2017 year-end Myanma Gem Emporium which will be held from December 12 to 21 at Mani Yadana Gems Hall in Nay Pyi Taw. “The two jade lots have the highest floor price among all the gems,” […]
Read MoreThe Yangon Regional Government is planning to allow the return of shared taxi services between the outskirts and Sule Pagoda in downtown Yangon, said Daw Nilar Kyaw, Minister of Electricity, Industry, Transport and Communication. The move comes amid rising demand and is likely to introduce more competition in the Yangon taxi market. It is also […]
Read MoreINVESTOR confidence in Myanmar has drastically dropped this year due to the lack of clear economic policies and action plans as well as other drawbacks such as skills shortage and rising labour costs, according to the second Myanmar Business Survey conducted by Roland Berger, a global consultancy firm. Thomas Klotz, the firm’s managing partner for […]
Read MoreForeign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services. The move, which aims to help local export businesses gain access to working capital, was announced Monday by the CBM and welcomed by the business community. “In the trading sector, the local banks are not able to provide […]
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