Myo Sandar/Myanmar Business Today Traders from Myanmar and Thailand are planning talks on corn exports following offers from the Thai side to buy up to 1 million tons of corn per year. The two sides hope to sign an agreement in early 2020. Last year, Myanmar exported 700,000 tons of corn...
Zin Thu Tun/Myanmar Business Today The Directorate of Industrial Supervision and Inspection (Mandalay) will suspend SME membership applications, both online and offline, throughout December to allow time for the agency to work on expanding the registration system and review existing data. In July 2018, the directorate launched online registration through a...
Myo Sandar/Myanmar Business Today First Private Bank, the only listed bank in Myanmar, will take on foreign partners, which by law can own up to 35 percent of its shares, the bank revealed at its November 24 annual general shareholders’ meeting. It has not yet named any potential partner. The meeting...
Myo Sandar/Myanmar Business Today The Ministry of Planning and Finance has granted a life insurance license to Prudential Corporation Asia, allowing the company to start offering life insurance products and solutions to Myanmar people. The license was awarded to Prudential by Union Minister of Planning and Finance U Soe Win at...
Ei Thandar Tun/Myanmar Business Today Online-to-Offline mobile platform Grab launched GrabFood beta in Myanmar on November 26, taking the number of countries where GrabFood is available to seven. GrabFood promises to deliver a wide range of food and beverages, fresh and hot, to the home or office through one seamless transaction...
Myo Sandar/Myanmar Business Today The Yangon City Development Committee is poised to remove a second batch of unauthorized overhead cables, according to U Lin Khaing, head of the YCDC’s Engineering Department (Roads and Bridges). After the YCDC took action against messy overhead cables in 2018, 23 companies registered with the committee...
Myo Sandar/Myanmar Business Today The Yangon Stock Exchange’s monthly trading report for October shows only K1.36 billion in trading volume, a drop of over K1 billion from K 2.4 billion the previous month. Trading on the four-year-old YSX had been on the rise before October. The first four months of 2019...
Ted Loos (The New York Times) I will never forget the worst holiday gifts I have received over the years. Among them: A tech-accessory holder that lives between couch cushions. Countless Best Buy gift cards I never used. (More precisely, they were a bonus for Best Buy shareholders.) And the Chopula,...
Myo Sandar/Myanmar Business Today The Ministry of Planning and Finance granted insurance licenses to five foreign-owned life insurers, three joint-venture life insurance companies and three joint-venture general insurance companies at a November 28 ceremony in Naypyidaw. The decision to award a license to these companies was based on their completion of...
Tin Mg Oo/Myanmar Business Today Car rental service Yoma Car Share has expanded to 25 rental hubs across Myanmar with the recent opening of the People’s Park rental hub on Yangon’s U Wisara Road. “We are creating opportunities for customers to effortlessly have access to various types of vehicles to suit...