by Zin Thu Tun South Korean oil and gas company POSCO International recently announced that it had discovered a new gas field at Mahar-1 exploration well in A-3 Block off the shore of Rakhine State. The well is 30 km south of A1 Shwe Gas field. POSCO confirmed a 12-meter gas...
Myanmar’s border trade increased by $816.195 million in the last quarter of 2019 compared to the same period a year earlier, according to data from the Ministry of Commerce.  “Compared to the volumes in previous years, our foreign trade is gradually increasing,” Vice President U Myint Swe said during a...
by Myo Sandar The Internal Revenue Department has collected more real estate tax revenue following the reduction of taxes on previously unassessed income in accordance with the new Union Tax Law. Real estate tax revenue collected during the first quarter the new fiscal year amounted to K19 billion, a K11 billion...
Myo Sandar Myanmar started drafting a National Export Strategy (NES) in 2013 and has been implementing the strategy since 2015. When the current NES ends, the Ministry of Commerce will extend it for five more years, with 10 additional sectors placed on the priority list. The new prioritized sectors include agricultural...
The government has put in place a ban on offshore fishing during breeding season from June to August to protect egg-bearing fish and fingerlings and preserve fishery resources. The Myanmar Fishery Federation (MFF) recently called for a ban on nearshore fishing during the same period. “The ban restricts fishing...
by Tin Mg Oo As this issue goes to print, the new coronavirus has infected over 126,000 people in 124 countries around the world, with death toll topping 4,600 and more than 68,000 people now recovered. Myanmar has had no reported cases, but experts worry that there could be people...
The first underpass in Myanmar, being built on Pyay Road in Kamayut Township, will be completed by the end of January 2021 as the construction process of the underpass is 85 percent complete with one entrance elevator on the side of Junction Square is under construction while others are...
Ei Thandar Tun BDS Smart City Co., Ltd., a subsidiary of Malaysia’s Berjaya Land Berhad, is set to build a $782.72 million city project in Yangon’s Dagon Seikkan Township following the signing of a concession agreement with the Yangon Regional Government on February 7. The project, located on 184 acres of...
Several of the most typical Asian symbols of matrimony can be followed back to early times. The engagement ring utilized to represent oneness and affection. Additionally, it meant that the couple would stay together and continue all their life collectively. Today, his...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Air KBZ launched a special promotion called "Tawat Pay, Atwar Apyan Khayee” offering the roundup trip ticket at half of the price. The airline will sell the tickets between August 14 and 20. The tickets will be eligible until September 30. The tickets are for Myanmar national only. The...