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The Central Bank of Myanmar sold $10 million on January 13 at the rate of MMK1,778 per dollar. This is the third time that the Central Bank of Myanmar sells millions of dollars in January alone. The first time was $15 million sold on January 7 and another $15 million...
While there are frequent power outages in Myanmar, the Ministry of Electricity and Energy under the State Administration Council said, in its second announcement on reduced power generation, that the power outage will continue due to the reclining power generation capacity of large power plants in the national grid. The...
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...
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...
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...
လျှပ်စစ်မီး ပြတ်တောက်သွားတိုင်း Oway Company ရဲ့ ERP (လုပ်ငန်းဆိုင်ရာ အရင်းအမြစ် စီမံခန့်ခွဲခြင်း) စနစ်ဟာပြန်လည်ပတ်နှိင်ရန် အတွက် ကွန်ပျူတာဆာဗာတွေကို မီးပြန်ဖွင့်ပေးနေရပါတယ်။ ERP စနစ်တွေရှိတဲ့ ဆာဗာတွေဟာ ဒီလို အခြေအနေကြုံရတဲ့အခါတိုင်း နေ့ဖြစ်စေ၊ ညဖြစ်စေ၊ ပိတ်ရက်ဖြစ်နေပါစေ မီးစက်မဖွင့်မချင်း တယောက်ယောက် က ရုံးခန်းကိုမဖြစ်မနေလာပြီး ဖွင့်ပေးရပါတယ်။ မီးအားပြတ်တောက်ရုံသာမက မီးစက်ချို့ယွင်းမှု့ရှိခဲ့ပါက ERP စနစ်ပိတ်သွားခဲ့ရင် ငွေးပေးငွေယူ မှတ်တမ်းမှု့ စနစ် အားလုံးရပ်တန့်သွားမှာဖြစ်သောကြောင့် လုပ်ငန်းလည်ပတ်မှုများကို ထိခိုက်စေနိုင်ပါတယ်။ ၂၀၁၂ ခုနှစ်မှာ အွန်လိုင်းခရီးသွား platform စတင်ခဲ့ပြီး အွန်လိုင်းကားဝန်ဆောင်မှု (ride-hailing) နဲ့ အွန်လိုင်းကုန်စုံဆိုင် (e-commerce) တွေအထိ ဝန်ဆောင်မှုတွေ တိုးချဲ့နိုင်ခဲ့တဲ့ ရန်ကုန်အခြေစိုက်...
Central Bank of Myanmar has now allowed Authorized Dealer license holding banks and non-bank financial institutions to buy and sell Chinese yuan and Japan Yen, according to the notice issued on October 12. It has already allowed the US dollar, Euro, Singapore Dollar, Baht, and Ringgit to be traded in...
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...
A group of seven robbers robbed the AYA Bank’s cash carrier van on the old Yangon-Mandalay highway between Lat Pan Won Village and Thar Yar Aye Village in Inndagaw Township, Bago Region around 2 p.m. on September 13. Although local media reported that the robbers got away with money as...
"Fix the money, fix Myanmar" This is the slogan of Myanmar Dollar-MYD, the newly emerged cryptocurrency, which is intended to counter the junta’s grip on Myanmar Kyat. This is one of the facets of the revolution against the coup. Unlike A-May Suu Token, a crypto token that emerged after the...