If you want to withdraw cash from your bank account in Myanmar, you need to get up as early as at least 4 a.m and go to an ATM-not any ATM but ATM where your bank chooses to refill cash. Then wait for hours to have your turn to...
Local gold price, which has skyrocketed reaching over K1.7 million following the coup by the military, now has dropped as much as K200,000 as the price decreased to around K1.5 million per tical (tical= 16.3 g). On May 26, the domestic gold market closed with K1.5 million per tical while...
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...
After the dollar rate drastically surged from around K1,300 per dollar before February to K1,720 within just over three months, the Central Bank of Myanmar is planning to sell $1.6 million through money changers on May 13, according to local money changers. "We are to buy dollars from the central...
Most of the companies both local and foreign companies were planning to increase investments in January 2021, according to the joint survey conducted by ten foreign chambers of commerce, but now companies have halted their plans to increase investment after political events in February 2021. A total of 372 companies...
Every school around the world has faced an unprecedented year, and 2020 winds up, we speak to the teachers, parents, and students at Yangon American International School about the highs, the lows,  and the learnings.   Fostering a Community Online  “At Yangon American, we pride ourselves on being an inclusive community built...
Central Bank of Myanmar, which has been purchasing US dollar earlier this year, sold $3 million on December 14 at the rate of K1,372.2 per dollar. On the same day, dollar was traded around K1,365-1,370 in the domestic market. Myanmar Kyat against US dollar has been strong since the begining of...
CB Bank launched CB Card+ mobile application for CB Bank card customers. The customers can view Card information as well as use the app to make payments at any stores which accept Visa contactless payments if their phones have NFC capabilities. CB Card+ application can be downloaded online at...
Carlsberg Myanmar has once again been awarded for its excellence in HR and responsible business practices at the Myanmar Employer Awards. The company won one Gold and three Bronze Awards at the MEA Virtual Winners Presentation, held on December 11th, 2020. The Gold Award that Carlsberg won was for the...
Muse Wholesale Association has asked the Ministry of Construction to allow the use of Yangon-Mandalay Expressway for fruit trucks so that fruits can be transported without being spoiled. The Ministry once allowed freight trucks to use the expressway from October 5 to November 30, which resulted in a huge benefit...