Chairman of the State Administration Council, Senior General Min Aung Hlaing, who overthrew the civilian government on 1 February 2021, said that Nay Pyi Taw will be shaped like green, clean and smart city. The state-owned Global New Light of Myanmar quoted Min Aung Hlaing to be saying that "many...
Major Japanese retailer Aeon has decided to postpone its $180 million shopping mall project in Myanmar due to the political turmoil in the country, according to NHK reports. Aeon planned to start the construction process this year and expected to open the mall by 2023. The project is a joint venture...
Telenor Group has announced today that it has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. The...
Central Bank of Myanmar has now allowed Authorized Dealer license holding banks and non-bank financial institutions to buy and sell Chinese yuan and Japan Yen, according to the notice issued on October 12. It has already allowed the US dollar, Euro, Singapore Dollar, Baht, and Ringgit to be traded in...
Yangon Gold Enterpreneur Association (YGEA) is working on innitiating Paper Gold scheme, which allows people to trade gold using the gold certificate issued by the banks. Under the paper gold system, gold is deposited at the banks as assets, for which the banks issue certificate equivalent to the deposited gold....
Ooredoo Myanmar announced that it is continuing to support the Tech Age Girls (TAG) Myanmar Program in 2022-2023 with the goal of empowering young women via digital technology by bridging the digital gender divide. 220 girls will be participating in the TAG 2022-2023. Tech Age Girls (TAG) is a year-long...
Samsung Electronics Co., Ltd. has introduced the Galaxy A03, the first and freshest smartphone in 2022. The Galaxy A03, which is one of the affordable smartphones, is built with an extensive 6.5-inch Infinity V display that features powerful performance, persistent battery, and supports amazing camera experience. “Being committed to providing...
After the Central Bank of Myanmar has tightened the dollar exchange rate to between 0.5% of its reference rate by an order issued on November 9,  the dollar rate against Myanmar Kyat has dropped to MMK 1,778 per dollar today. Following the order, there were more buyers than sellers in...
The Central Bank of Myanmar has now allowed Baht as an official settlement currency for Thai-Myanmar border trade, according to its announcement on March 3, 2022. The move aims to improve trade between the two countries, streamline the payment and trading as well as to increase the use of local...
The emergence of the Myanmar Centre Project Yangon, the commercial capital of Myanmar, welcomed a 100% foreign direct investment from Vietnam’s Hoang Anh Gia Lai (HAGL) Myanmar in the form of the Myanmar Centre Project which began to take shape in 2013. With the aim of giving a quality retail shopping...