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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...
  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...
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...
Telenor Group has announced today that it has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. The...
New Yangon City Development Project has received 16 Expressions of Interests (EOI) submitted by companies and consortiums from nine countries in the Swiss Challenge for the first package of works launched on October 15, 2020, by the Swiss Challenge Tender Committee. It is the Committee’s objective to apply a structured...
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...
Part 1 of the Yangon Elevated Expressway project is estimated to cost $800 million, according to U Han Zaw, Union Minister of the Ministry of Construction, at the meeting by Steering Committee on Implementation of Yangon Elevated Expressway and Outer Ring Road. The meeting was held to discuss the...
Germany-based international wholesale company METRO has announced that it will cease its foodservice distribution business in Myanmar due to the volatile investment and business environment in the Southeast Asian country, which is expected to continue for some time. "We made this decision with regret because we started 2019 with positive...
The Ministry of Planning, Finance, and Industry will conduct a survey called Baseline Survey on Myanmar MSME’s Digital Utility on over 2,500 Micro, Small and Medium Enterprises (SMEs) to identify digitalization and improvement index so that the government can adopt the policy. The survey will be carried out by MinMyanmar...
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...