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...
The Central Bank of Myanmar issued a letter to the Authorized Dealer (AD) license holding bank containing a list of entities and individuals exempted from the controversial foreign currency conversion requirement. The Central Bank of Myanmar on April 3 issued a notification requiring all foreign earnings to be converted into...
Telenor Myanmar Limited has changed its name to Atom Myanmar Limited starting from 30 May 2022, according to the company's announcement. "The change of the company name is to reflect the post-transaction situation," the company said, "with this change, ATOM MYANMAR LIMITED will keep up the strength of our capabilities...
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...
The International Labour Organization (ILO) estimated that some 1.6 million jobs were lost in Myanmar in 2021 with the military takeover compounding the impact of the COVID-19 pandemic. Among the population impacted by the weakened labour market, women workers were hit most. Working hours are estimated to have decreased 18 per...
A Yangon based Korean garment factory, Yangon Pan-Pacific International Co., Ltd (YPI), announced today that it will be hiring 600 new workers while many factories and firms are struggling to keep employees. The factory said that it is hiring new staff as it is planning to expand new product lines....
Samsung Electronics Co., Ltd held its Galaxy A Event on March 17, 2022, where the latest Galaxy Innovations for the brand’s most popular smartphone category were unveiled. Samsung Maynmar is now accepting pre-orders for the latest Galaxy A53 5G smartphone starting from March 18 to 27 with a bundle of...
Following the reports of fuel shortage at the Thilawa fuel storage facility, people rush into the gas stations across the country to buy fuel on April 19. In response to the unprecedented demand, some gas stations limited the volume of fuel that an individual car can buy in the...
Yangon International Airport has accommodated over 2,000 travellers to and from Myanmar for three days after it was reopened to international travellers and businesses on 17 April after two years of closure due to the COVID-19 pandemic. The airport accommodated 688 departures and 393 arrivals from the Yangon International Airport...
Following an expected 18 percent contraction of the economy in the year ended September 2021, the World Bank’s Myanmar Economic Monitor, released on January 26, projects a growth of 1 percent in the year to September 2022. While reflecting recent signs of stabilization in some areas, the projection remains consistent...