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Bumpy Ride for Tourism Seen in 2018
The tourism industry this year went beyond expectations despite the sudden outbreak of violence in the northern Rakhine State that gave the country a negative image, but the sector is expected to face...
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A Review of Education Sector in 2017
This year has been eventful for the education sector in Myanmar and here is a look at our pick of all major events. The most remarkable event of 2017 for the education sector took place on the first...
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Myanmar to Become Member of APN, Upgrade Card-Based Services
Myanmar will become a member of the Asian Payment Network (APN), which was established to create a common payment settlement platform within the Asia-Pacific region, said U Zaw Lin Htut, CEO of...
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Yangon Govt Minister Defends Paying K10-Bn for 200 School Buses
More than 10 billion kyat had to be spent to purchase 200 school buses for Yangon city, said Nilar Kyaw, Yangon region minister for electricity, industry and transport. “Of the over 6,000 million...
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Grab Partners Shwe Taung to Launch Taxi Terminals
Ride-hailing company Grab will cooperate with Shwe Taung Real Estate to provide Grab taxi terminals at the developer’s shopping centers and office blocks to further expand its presence in Yangon. For...
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Yangon Warns Telecoms to Get Proper Permits
The Yangon City Development Committee (YCDC) has warned telecommunications companies that have been given licenses to apply for permits when installing equipment or building communications towers in...
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State Counsellor Encourages Greater Transparency with Resource Sector Investors
State Counsellor H.E. Daw Aung San Suu Kyi received representatives from the International Investors for the Mineral Development Association (IIMDA). Measures to improve transparency in the sector...
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Support for Locally-Made Products Needed Amid Influx of Chinese Goods
Almost daily, trucks piled full of China-made goods ply the Muse-Mandalay highway, bound for markets located across the Mandalay Region. They include a dizzying array of products, including food,...
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Toyota Should Reconsider Myanmar Growth Strategy
Japan’s Toyota should reconsider its growth strategy in Myanmar to maintain pole position in the country. Toyota vehicles are known for their quality and affordability in Myanmar. As such, the car...
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MIC Invites Import-Substitution Investment Proposals
The Myanmar Investment Commission has invited companies to submit proposals for investments in import substitution industries, it said in a December 22 statement. The Commission identified the...
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Prospects Improving in E-commerce
Southeast Asia’s internet economy is expected to be worth $50 billion by the end of this year and will likely be worth four times more by 2025, according to a report released last week by Google and...
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Businesses Help Shape New Tax Law
The event, entitled “CFO Conference”, led to fruitful discussions and a paper based on the participants’ suggestions would be submitted to authorities concerned, according to Ye Min Aung, vice...
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Minimum wage set at Ks4,800 per day
The National Committee on Minimum Wage announced yesterday that Ks4,800 per day, at the rate of Ks600 per hour, has been established as the minimum wage. The official announcement signed by Union...
View ArticleYBS Anypay Card System bidding winner to be announced 10 Jan 2018
The name of the company that will install a card system for the Yangon Bus Service (YBS) will be announced on 10 January, according to a recent report in Myawady Daily. Anypay Payment Services Company,...
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Stock Trading Down, But Investors Remain Interested
The Myanmar Stock Price Index tumbled 23 points, or around 4.7 percent last week, closing Friday at 463.70, after officials from the Directorate of Investment and Company Administration (DICA) said...
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Investments, Solutions Needed on Back of Black Bean Price Collapse
Despite efforts to support the local bean industry after India imposed harsh restrictions on imports from Myanmar, businesses along the entire black bean supply chain have taken a hit and more...
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Kubota to Join $92 Million Project to Improve Water Supply System in Yangon
YANGON – Farming and construction equipment manufacturer Kubota Corp. has said it will build water supply infrastructure in Myanmar’s commercial capital of Yangon together with other Japanese and...
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Myanmar Military Modernization in the Spotlight Amid Air Force Anniversary
On December 15, Myanmar’s air force commemorated its 70th anniversary. The interaction, which featured remarks by the military chief Min Aung Hlaing, put the ongoing modernization of one of Southeast...
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India’s Border Trade With Myanmar Stagnates at $50 Million as China’s Hits $6...
As India prepares to celebrate the silver jubilee of its partnership with ASEAN in a big way, a key border trade link with Myanmar, the closest neighbour of the vibrant Southeast Asian bloc, continues...
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Yangon MPs Condemn Large-Scale Housing Project
Yangon Region MPs have heavily criticised the Eco Green City housing project to be built in Bago Township for failing to submit detailed plans. Dagon Township’s MP Kyaw Zayya claimed that even though...
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