Having rolled out service in Myanmar’s commercial capital, GrabFood plans to expand to Mandalay, the country’s second-largest city, by midyear. “We plan to start providing delivery service in mid-2020, but we cannot say the exact date. Once the service is launched, residents in Mandalay will be able to make orders...
A January survey showing that chicken sold in Yangon was tainted with salmonella has caused demand to drop as consumers worry about the safety of chicken consumption. Chicken price in the city has dropped by K800 per viss (1.63 kg). “This was a regular medical survey, from which we could...
AutoShow Mandalay 2020, to be hosted by automobile marketplace CarsDB at Mandalay Convention Centre during March 6-8 from 10 a.m. to 8 p.m., is set to bring new and used cars to a gathering of car lovers, auto dealers and participants from auto-related industries. The event will showcase all types...
UK Aid-funded DaNa Facility and Cordaid recently unveiled their study, “The Ecosystem for Small and Medium-Sized Enterprises in Kachin State” at an event attended by Kachin State government officials, donors, humanitarian and development practitioners, local enterprises and other key stakeholders. “Understanding the private sector landscape in Kachin and the challenges...
The Central Bank of Myanmar is considering revising its policy rate but will make a decision only when necessary, its deputy governor told the country’s legislative body on February 11. U Soe Min made the remark during a presentation of reports on fiscal policy implementation and the country’s financial stability. “When...
The Ministry of Commerce last year announced a list of items foreign and joint-venture companies are allow to buy and export. The list includes meat, fish, value-added crops, pulp and paper, seeds, purified metals, semi-finished vegetable products and wood-based furniture. On February 4, the ministry released detailed criteria for commodity...
Myanma Insurance on February 6 introduced Housing Insurance Package, a new product designed to protect home-loan lenders and borrowers. The insurance not only benefits the buyer and/or beneficiary in case of death or permanent disability but also protects the institution that provides the loan. Housing Insurance Package covers any loss or...
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...
Myo Sandar Myanmar has secured tax exemption for its corn exports to Thailand during February to August of this year. Thailand represents a new market for Myanmar’s corn after exports to China were halted by the coronavirus epidemic. “Before, we exported corn to China. Thailand has corn demand and is in...
Yangon Chief Minister U Phyo Min Thein called for environmentally-friendly and responsible investments into the region during remarks at the February 6 ‘Green Economy Green Growth’ seminar at UMFCCI. “We have carried out mangrove forest restoration initiatives in Yangon Region by planting around 30,000 acres of mangrove trees as we...