Myanmar Economic Holding has filed for winding-up of its brewery business called Myanmar Brewery Company Limited, which produces Myanmar Beer, Adman Gold, and Black Shield as well as Kirin Beer, according to the announcement published in Myanmar Alin Newspaper on November 22.
The announcement said that Myanmar Economic Holding will...
Following an expected 18 percent contraction of the economy in the year ended September 2021, the World Bank’s Myanmar Economic Monitor, released on January 26, projects a growth of 1 percent in the year to September 2022.
While reflecting recent signs of stabilization in some areas, the projection remains consistent...
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 State Administration Council has imposed K20,000 per SIM card on the sales and activation of the SIM Cards and 15% commercial tax on internet services after amending Union Tax Law 2021.
"No matter what provisions the Commercial Tax Law comprises, only
once commercial tax shall be levied K20,000 per the...
BENGALURU, June 3 (Reuters) - India's government has approved Gilead Sciences Inc's antiviral drug remdesivir for emergency use for five doses in treating COVID-19 patients.
Remdesivir, which is administered intravenously in hospital, is the first drug to show improvement in COVID-19 patients in formal clinical trials and is at the...
Myanmar Airways International's 4th Airbus 320 has arrived at Yangon International Airport on November 1, 2021. The newly arrived Airbus 320 was added to the MAI fleet along with three Embraer E190s, three Airbus 320s, and four Airbus A319s.
Currently, the Department of Civil Aviation has extended the Effective Period...
Following the reports of fuel shortage at the Thilawa fuel storage facility, people rush into the gas stations across the country to buy fuel on April 19. In response to the unprecedented demand, some gas stations limited the volume of fuel that an individual car can buy in the...
The M1 Group, which bought Telenor Myanmar's business operation in July, said that it has no contact with the Military.
Telenor group sold 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD, of which 55 million USD is a deferred payment over five...
Norwegian telecom firm Telenor issued an announcement today on September 15 hinting at the deployment of surveillance tech in Myanmar by saying that its continued presence would require Telenor Myanmar to activate intercept equipment for the use of Myanmar authorities.
"Having worked actively to avoid activation of intercept equipment, Telenor...
