ue to raw material shortages caused by the coronavirus outbreak, eight factories have closed down, six others suspended operations and another two laid off workers in the period from the beginning of the year to March 10. The Ministry of Labor, Immigration and Population said it had helped more...
Written by Min Thu Aung Before Myanmar gained independence in 1948, there were 110 insurance companies in the country and only two of them were locally owned. The number had dwindled to 74 (four being locally owned) before 1963, the year the country nationalized private companies resulting in an insurance...
by Zin Thu Tun Myanmar Thilawa SEZ Holdings PCL has won the tender bid to develop the Kyogone housing project in Yangon. The project, located on a 17-acre plot of land between Baho Road and Insein Road, comprises affordable housing, luxury housing, a shopping center and communal buildings including schools and...
by Zin Thu Tun The Insurance Business Regulatory Board under the Ministry of Planning, Finance and Industry announced in the first week of March its decision to approve a raft of new insurance products. Insurers need approval from the Board before they can market new insurance products or redesign existing ones....
by Tin Mg Oo Myanmar plans to send a delegation to Thailand to negotiate for an extension of tax exemption for corn imports from Myanmar, which runs from February 1 to August 31, according to Myanmar Maize Producers and Exporters Association. Myanmar has exported 400,000 tons of the commodity to Thailand,...
by Zin Thu Tun The Union government, in an attempt to encourage exports from Mon State, will include rubber, fishery and food produced in the state in the National Export Strategy 2020-2025. This follows a March 6 workshop on the matter involving stakeholders from the government and private sectors. “We will...
by Myo Sandar After allowing 401 companies to import over 900,000 tons of sugar under the re-export program in June 2018, the Ministry of Commerce put a stop to the practice. To satisfy domestic sugar demand, the government last March started allowing refined sugar imports for use in making beverages including...
by Zin Thu Tun The E-Commerce Association of Myanmar (ECAM), officially launched on March 10 at Novotel Hotel, Yangon, aims to offer opportunities and protections to local e-commerce businesses and customers and assist the country in adopting strong and precise policies and regulations for the industry. “ECAM aims to address the...
byMyo Sandar Makro Myanmar, a subsidiary of Thailand-based wholesaler Makro, signed an agreement with the Myanmar Fruit, Flower and Vegetable Producer and Exporter Association (MFVP) on March 10 to secure supply for its wholesale market at Upper Pazundaung. “Makro will buy fruits and vegetables from us to sell on their shelves....
by Ei Thandar Tun South Korean nationals and all who have spent time in South Korea recently, including citizens of Myanmar, will be required to show a health certificate when entering Myanmar, according to an announcement by the Myanmar Embassy in South Korea. These individuals need to be tested at a...