Dealers stop selling dollars

US dollars are only available on the black market as domestic banks and official currency exchange counters with licences from the Central Bank of Myanmar (CBM) have stopped selling. Ko Thiha, a trader at Yuzana Plaza and Mingalar market, said: “It’s been a month since I could buy dollars at the government’s official exchange counters. […]

Property transactions slowed in 2014

The rate of property transactions likely dropped in 2014 following two years of heady growth, according to experts. While 2012 and 2013 saw an unprecedented boom in buying, concerns the market may be overheating and government moves to curb runaway prices together dampened purchases. Phoenix real estate agent Ko Htun Htun said he reckons purchase […]

MPT to take action against dealers if they break agreements

Myanmar Posts and Telecommunications (MPT) will take action against its SIM card dealers if they force sales of Ks 1,500 SIM cards, handsets or top-up cards, sources from MPT say. MPT has assigned 13 companies and shops to sell its SIM cards. More than 30 companies applied for wholesale dealer status from MPT but the […]

GM looks to expansion, export boost in Myanmar

More dealers, better customer service here towards sales goal of 57,000 units GM plans to expand its business in Myanmar and boost exports, while domestically the automaker will add dealers and focus on customer service, both short and long term, with the goal of selling 57,000 units this year. “We need to grow and consolidate […]