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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...
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...
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,...
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...
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...
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...
China, Myanmar’s major trade partner, has closed all the border tradeposts on the Myanm-China border with the closure of Chin Shwe Haw border trade gate on October 6 with the excuses to curb the spread of COVID-19. China has restricted imports from Myanmar through a $450 million Chin Shwe since five...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Samanea Yangon Market, located at the corner of Bago River Road and Yadanar Road in Dagon Seikkan Township, is planned to launch in November this year after the test opening in August as the construction process of the market is now complete. The wholesale market is jointly developed...
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...
The military junta amended the 2020 Union Tax Law cutting the percentage of taxation on unassessed income or undisclosed sources of income with the aim, it said, to increase businesses which severely hit by the impact of the COVID-19 pandemic. The NLD administration introduced taxation on unassessed income in a...