Yangon Gold Enterpreneur Association (YGEA) is working on innitiating Paper Gold scheme, which allows people to trade gold using the gold certificate issued by the banks. Under the paper gold system, gold is deposited at the banks as assets, for which the banks issue certificate equivalent to the deposited gold....
Year Foreign direct investment into the agriculture sector in Myanmar as of August 2020-2021 Fiscal Year is less than one percent of the total FDI into the country, according to the Directorate of Investment and Company Administration. The Agricultural sector only received USD10.650 million between April and September 2018 and...
After the Central Bank of Myanmar has tightened the dollar exchange rate to between 0.5% of its reference rate by an order issued on November 9,  the dollar rate against Myanmar Kyat has dropped to MMK 1,778 per dollar today. Following the order, there were more buyers than sellers in...
By Brenna Hughes Neghaiwi and Simon Jessop ZURICH/LONDON (Reuters) - As stock markets roar back from the coronavirus-led rout, advisers to the world's wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks' cash splurge. Before the COVID-19 pandemic,...
The Ministry of Commerce has launched Myanmar TradeNet 2.0 aiming to provide an easier and faster online platform for applying for export/import license/permit. The Myanmar TradeNet 2.0, an upgraded version for all the processes and procedures related to commerce under the Ministry of Commerce, was launched stage by stage starting...
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,...
Telenor Group has announced today that it has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. The...
Coup leader Senior General Min Aung Hlaing said at the seventh coordination meeting on COVID-19 Prevention, Control and Treatment held on August 9 that importing vaccines for the country's 50 million population will make the country poor, and thus the country needs to produce both COVID-19 vaccines, and medicines...
TrueMoney Myanmar has provided a total value of 3.2 Billion MMK health insurance coverage to their long-serviced agents and their territory distributors and introduced a door-to-door remittance service. The long-serviced agents and their territory distributors will be provided with the one-year health insurance coverage from Myanma Insurance, which will benefit...
Edible oil prices have been gradually increasing doubling the prices of last year. A viss of edible oil hit K5600-6000 compared to around K2600 last year. The reason for the edible oil price hike is due to inadequate stock in the local market while the edible oil prices are also...