Avis Myanmar plans to continue the investment by tripling the size of Avis Fleet in 2021 with estimated investment values around USD 4 million since it is optimistic about the prospect of the country after this challenging pandemic.
The pandemic Covid-19 profoundly changed the global political and economic arena. With...
Japanese drinks giants Kirin Holdings booked an impairment loss of over 21.4 billion yen ($193 million) in the six months through June on account of its beer production businesses in Myanmar.
But it is not planning to exist in Myanmar, Reuters reported quoting senior executive officer Toru Yoshimura from Kirin,...
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....
A KBZ Bank branch located on the Maha Bandoola Road between 47th and 48 streets was robbed by a group of masked robbers this afternoon, according to the locals near the branch.
Now, security forces are investigating the nearby area and the robbers went away with K300 million, according to...
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...
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...
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...
The International Labour Organization (ILO) estimated that some 1.6 million jobs were lost in Myanmar in 2021 with the military takeover compounding the impact of the COVID-19 pandemic.
Among the population impacted by the weakened labour market, women workers were hit most.
Working hours are estimated to have decreased 18 per...
Despite challenges in the telecom sector and internet shutdown, Ooredoo Myanmar says that the revenue in 2021 grew by 8% compared to 2020.
"During 2021, COVID and directed shutdown of internet services did have impacts on Ooredoo Myanmar’s revenue but in the last quarter of the year, revenue did recover,"...
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...
