Samsung Electronics has introduced its latest NEO QLED and QLED 4K TV lineups in Myanmar. The QLED 4K TV lineup comes with a slim design, amazing gaming experience, multiple voice assistants, vivid and real-life color mapping systems, a health screening tracking system, and an adaptive sound system with real-time...
A KBZ Bank branch located on the Maha Bandoola Road between 47th and 48 streets was robbed by a group of masked robbers this afternoon, according to the locals near the branch. Now, security forces are investigating the nearby area and the robbers went away with K300 million, according to...
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....
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...
China, Myanmar’s major trade partner, has closed all the border tradeposts on the Myanm-China border with the closure of Chin Shwe Haw border trade gate on October 6 with the excuses to curb the spread of COVID-19. China has restricted imports from Myanmar through a $450 million Chin Shwe since five...
Year Foreign direct investment into the agriculture sector in Myanmar as of August 2020-2021 Fiscal Year is less than one percent of the total FDI into the country, according to the Directorate of Investment and Company Administration. The Agricultural sector only received USD10.650 million between April and September 2018 and...
In an attempt to stabilize the dollar rate against Myanmar Kyat, the Central Bank of Myanmar issued a notice on October 3 ordering exporters to deposit the foreign currency earnings from the exports into the exporter's foreign currency account or sell the earning to the bank, which holds Authorized...
The Department of Trade under the Ministry of Commerce announced that it has stopped issuing import permits for vehicle imports starting from October 1st aiming to reduce foreign currency needs as the country's economy is stalling and export has dropped. According to the announcement, the junta will stop issuing permits...
Prudential Myanmar Life Insurance Limited (Prudential Myanmar) has introduced PRUHealth, a health insurance to combine financial protection, illness prevention, and wellness improvement. PRUHealth also offers additional insurance coverage to safeguard customers during the COVID-19 pandemic. “PRUHealth is the first health insurance solution of its type in Myanmar and is designed...
The skyrocketing gold price in Myanmar today has dropped by around K200,000 per tical within hours after reaching over MMK2.2 million in the morning before dropping to K2 million in the afternoon before the local gold market is closed. A tical of gold is equivalent to 16.32 grams or...