Myanmar Economic Holding has filed for winding-up of its brewery business called Myanmar Brewery Company Limited, which produces Myanmar Beer, Adman Gold, and Black Shield as well as Kirin Beer, according to the announcement published in Myanmar Alin Newspaper on November 22. The announcement said that Myanmar Economic Holding will...
On-demand food delivery service Foodpanda made its Myanmar debut on January 21 with plans to start providing services to customers in Yangon. The company promises to deliver food from over 1,000 restaurants customer’s homes, offices and even outdoor “hotspot” locations. Customers can order from international chains such as KFC, Pizza...
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...
In accordance with the instruction of the Yangon Regional Government, the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) will issue QR Pass for payroll processing in Yangon during the stay-at-home period so that the businesses, who are not allowed to operate during the stay-at-home period,...
In collaboration with MCI, a local advertising technology company, Grab Myanmar, a leading high-tech ride-hailing service in Southeast Asia and Myanmar has announced the launch of  GrabAds, a digital display advertising service, which enables private companies and corporations to place advertisements on Grab Taxis. The service will launch in...
A cloud-based HR tech start-up Better Technologies (“Better HR”) has raised a six-digit bridge round from new investors as well as existing investors such as Seed Myanmar Ventures, Blibros, and nexlabs. Better HR is a cloud-based enterprise web and mobile apps enabling organizations to streamline HR processes, such as attendance,...
The Ministry of Commerce has launched Myanmar TradeNet 2.0 aiming to provide an easier and faster online platform for applying for export/import license/permit. The Myanmar TradeNet 2.0, an upgraded version for all the processes and procedures related to commerce under the Ministry of Commerce, was launched stage by stage starting...
The State Administration Council has imposed K20,000 per SIM card on the sales and activation of the SIM Cards and 15% commercial tax on internet services after amending Union Tax Law 2021. "No matter what provisions the Commercial Tax Law comprises, only once commercial tax shall be levied K20,000 per the...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် “If a problem arises, protect your valuable assets first,” says Mr. Christoph Vavrik, Managing Director of Myanmar Carlsberg, during an interview with Myanmar Business Today. “The most important asset in a company is not necessarily a brand or exploration rights for an oil company or real estate....
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....