Local gold price, which has skyrocketed reaching over K1.7 million following the coup by the military, now has dropped as much as K200,000 as the price decreased to around K1.5 million per tical (tical= 16.3 g). On May 26, the domestic gold market closed with K1.5 million per tical while...
Major Japanese retailer Aeon has decided to postpone its $180 million shopping mall project in Myanmar due to the political turmoil in the country, according to NHK reports. Aeon planned to start the construction process this year and expected to open the mall by 2023. The project is a joint venture...
After the dollar rate drastically surged from around K1,300 per dollar before February to K1,720 within just over three months, the Central Bank of Myanmar is planning to sell $1.6 million through money changers on May 13, according to local money changers. "We are to buy dollars from the central...
Most of the companies both local and foreign companies were planning to increase investments in January 2021, according to the joint survey conducted by ten foreign chambers of commerce, but now companies have halted their plans to increase investment after political events in February 2021. A total of 372 companies...
Central Bank of Myanmar, which has been purchasing US dollar earlier this year, sold $3 million on December 14 at the rate of K1,372.2 per dollar. On the same day, dollar was traded around K1,365-1,370 in the domestic market. Myanmar Kyat against US dollar has been strong since the begining of...
Carlsberg Myanmar has once again been awarded for its excellence in HR and responsible business practices at the Myanmar Employer Awards. The company won one Gold and three Bronze Awards at the MEA Virtual Winners Presentation, held on December 11th, 2020. The Gold Award that Carlsberg won was for the...
Muse Wholesale Association has asked the Ministry of Construction to allow the use of Yangon-Mandalay Expressway for fruit trucks so that fruits can be transported without being spoiled. The Ministry once allowed freight trucks to use the expressway from October 5 to November 30, which resulted in a huge benefit...
The Big Bad Wolf Book Sale, the World’s Biggest Book Sale, will be returning to Myanmar from December 23rd to 30th December 2020 – but this time the event will be held entirely online at the Big Bad Wolf Book Sale’s official website. Redesigned to cater to the current need...
  Bringing in new investors Anthem Asia and DPI Energy Ventures, as well as prior investors TRIREC, Insitor Impact Asia Fund, Great Noble Ventures, and FORUM, the additional financing provides firepower for SolarHome, a pioneer in Pay-As-You-Go (PAYG) solar for off-grid households in Myanmar, today announced the closing of its Series A-2...
Infobip, the global cloud communications company, has announced the launch of its new digital cloud contact center solution - Conversations, that will enable businesses to deliver omnichannel support for customers through a single interface for agents. Consecutively, Infobip also announced the launch of its chatbot building platform – Answers,...