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...
  Zin Thu Tun/Myanmar Business Today Tourist arrivals in Myanmar between January and September topped 3.1 million, representing an increase of 600,000 tourists over the same period last year. Along with the rise in tourist arrivals, the number of small and medium-sized tour companies in Myanmar’s recently opened up market also...
Zin Thu Tun/Myanmar Business Today The Central Bank of Myanmar (CBM) recently issued a reminder to local banks not to accept untaxed cash or open accounts for people with no identifiable income source. It also urged banks to take precautions with customers with suspicious sources of income. The move is a...
Zin Thu Tun/Myanmar Business Today Construction work has started on two industrial complexes jointly developed by Myanmar and South Korea. “Construction for the projects in Yangon Region and Bago Region will take three years,” said U Thant Sin Lwin, deputy director general of the Directorate of Investment and Company Administration (DICA). The...
Tin Mg Oo/Myanmar Business Today Although many companies are operating in Kachin State, only 19 have registered in accordance with Myanmar Investment Law, according to U Aung Naing Oo, Permanent Secretary of the Ministry of Investments and Foreign Economic Relations. “In terms of local investments, there are only 19 companies registered...
Leading spirits maker Myanmar Distillery has changed its name to Grand Royal Group International. Ownership, investment and staff structures remain unchanged. “The renaming strategy is aimed at strengthening our corporate identity and to ensure that our stakeholders are served better under one common name,” said CEO Sanjay Gupta in a...
Myo Sandar/Myanmar Business Today In a move to counter illegal money transfers, the Central Bank of Myanmar on November 15 issued rules for cross-border remittances. Under the directive, only local companies registered in accordance with the Myanmar Companies Act who have placed a certain amount of deposit can apply for a...