By Elizabeth Howcroft LONDON, May 8 (Reuters) - Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies. The positive mood stands in sharp contrast to the economic data. U.S. unemployment numbers due later on Friday are expected to...
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M1 Group announced that the Myanmar Investment Commission has approved Telenor Group’s application for the sale of Telenor Myanmar to Investcom PTE Ltd., an M1 Group affiliate. M1 Group said that it will be working with Telenor Group and all stakeholders to ensure continuity, stability, and reliability for all Telenor...
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အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် written by Linn Thit Under the newly approved law called Traffic Safety and Vehicle Management Law, anyone who drives or park an unregistered vehicle except designated area may face a three-year jail term and/or fine. However, under the Automobile Law enacted in 2015, the penalties for driving an unregistered...
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...
Local, Foreign Firms Entitled to Dispute Settlement: Myanmar Competition Commission Both local and foreign-owned companies are entitled to seek Myanmar Competition Commission’s help in settling a dispute over unfair competition, U Than Maung, vice president of the commission, said December 27. Formed in 2018 following the enactment of Myanmar Competition Law,...
BEIJING Shares in China’s Nio Inc. surged more than 30 percent after it signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Cash-strapped electric vehicle (EV) maker Nio is the most prominent among dozens of Chinese electric vehicle...
China, Myanmar’s major trade partner, has closed all the border tradeposts on the Myanm-China border with the closure of Chin Shwe Haw border trade gate on October 6 with the excuses to curb the spread of COVID-19. China has restricted imports from Myanmar through a $450 million Chin Shwe since five...