The junta's Ministry of Commerce has proposed to set the price floor for unhusked rice at MMK560,000 per 100 tins for the rice grown in the rainy season and summer of 2021-2022, at the Work Committee meeting held in the last week of August.
U Nyunt Aung, Deputy Minister of...
The Yangon-Bangkok highway project that will allow people to reach Bangkok Yangon by bus in nine hours has launched with financial assistance from Asia Development Bank, according to the Ministry of Construction.
Currently, it takes 16 hours to travel 570 miles from Thialwa, Yangon to Bangkok by vehicles.
One the new...
Year Foreign direct investment into the agriculture sector in Myanmar as of August 2020-2021 Fiscal Year is less than one percent of the total FDI into the country, according to the Directorate of Investment and Company Administration.
The Agricultural sector only received USD10.650 million between April and September 2018 and...
The local gold price when the market closed on Friday, September 10, was at K1.91 million per tical compared to K1.855 million on September 13 representing around a K50,000 drop over the weekends. (tical= 16.3 g)
Global gold price is USD $1,789 per ounce on September 13.
The local gold price...
Written by Andrew Delaney
Last year, Thailand was the third-largest foreign investor in Myanmar at $6.6 billion in 2018-2019 following Singapore then China.
However, due to the unofficial border trade, this figure understates the value of the trade relationship. Thailand has the longest border with Myanmar at 2,416 km. Myanmar shares...
TIn Mg Oo/Myanmar Business Today
A memorandum of understanding on workplace safety, healthcare and capacity building trainings was signed by the Myanmar Construction Entrepreneurs Federation (MCEF), Confederation of Trade Union Myanmar (CTUM) and Myanmar Federation of Construction and Logging Workers on December 3, the very first agreement of its kind...
Last Saturday, Myanmar’s Union Election Committee announced a victory for Daw Aung San Suu Kyi’s National League for Democracy (NLD) in the 2020 Myanmar General Election. The party won 83 percent of the seats in the Union Parliament, which exceeds even the number of seats gained in the previous...
Zin Thu Tun/Myanmar Business Today
Hong Kong-based Goldman Fortune International has secured approval from the government for the $350 million Mindama Complex, representing the third foreign direct investment into Myanmar’s real estate sector in the new fiscal year started October 1.
The development on 20.837 acres of land on Mindama Road,...
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...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
Pyidaungsu Hluttaw, Myanmar's highest legislature, has approved the highly anticipated comprehensive Industrial Zone Law on May 26.
The statue has 20 chapters and 75 articles. The bill was drafted and announced in August 2019.
The contribution of the industrial sector to the GDP of Myanmar who heavily relies on...
