Myanmar begins to review its minimum wage

The Myanmar Government has begun its bi-annual review of the country’s minimum wage with a view to a potential increase later this year. The National Tripartite Committee on the Minimum Wage is understood to have started the process last month, and will be conducting research into areas such as living wages, survey data, and business […]

Joint European Chambers Networking at Belmond Governor’s Residence 21 Jan 2020

  The 7 European Chambers, The British Chamber of Commerce, CCI France Myanmar, EuroCham Myanmar, German Myanmar Business Chamber, Chamber of Commerce Italia – Myanmar, Myanmar Norway Business Council, and SwedCham are pleased to invite you to the fifth edition of the Joint European Chambers Networking event on Tuesday 21st January from 6.30 pm to 8.30 pm. […]

Singapore-Kunming Rail Link (SKRL)

The Singapore-Kunming Rail Link (SKRL) is a pan-Asian high-speed railway network being developed to connect the countries of Cambodia, Laos, Malaysia, Myanmar, Republic of China, Singapore, Thailand, and Vietnam. The 6,617.5km-long, meter-gauge railway network is being developed with an estimated investment of $15bn, under the ASEAN-Mekong Basin Development Cooperation (AMBDC) which was formed to encourage […]

Rural e-commerce startup secures funding

Emerging Markets Myanmar (EME-Myanmar), a Yangon-based investment firm, has invested in an e-commerce start-up for rural retailers. A six-digit sum was invested but the exact amount was not disclosed. Ezay, founded by former Oway employee Ko Kyaw Min Swe in August, is a start-up which will provide a mobile platform for customers to purchase new […]

Police Fraud Exposed by Myanmar Auditor-General

Mandalay – Myanmar’s Office of the Auditor-General has said that four police brigades, which are under the jurisdiction of the military-controlled Ministry of Home Affairs, misused more than 600 million kyats (about US$400,000) from April to September 2018. The financial report from April to September 2018 was submitted to the Union Parliament on Tuesday by […]

European firms have positive outlook on Myanmar

European companies in Myanmar have a positive outlook regarding their business in terms of services provided, market share, profits and overall business activities in the country, the EuroCham Myanmar Business Confidence Survey 2019 showed. A total of 74 companies participated in the survey, which was released last week, and shared their business projections and sentiment […]

Myanmar Govt to Develop Offshore Gas With Total, Woodside and Local Company

YANGON—The state-run Myanmar Oil and Gas Enterprise signed agreements for gas production Monday with a joint venture that includes domestic company MPRL E&P Co., Woodside Energy from Australia and French energy giant Total. The agreements cover production at offshore gas block A-6, which is located some 80 km west of Pathein Township in Ayeyarwady Region […]

Authorities crack down on zero-dollar tourists

The government has instructed souvenir shops to transact with zero-dollar tourists in cash only, Yangon Region Hotels and Tourism Minister Daw Naw Pan Thuzar Myo said on December 16. The decision was made after investigations at souvenir shops located in Hlaing Tharyar township, East Dagon township and People’s Park in Dagon township, where zero-dollar tourists […]

Facebook Partners with Httpool as Authorized Sales Partner in Myanmar, Cambodia and Laos

Facebook has selected Httpool as its Authorized Sales Partner in Myanmar, Cambodia and Laos. As the official partner for Facebook in these three countries, Httpool will provide support and regional expertise to local businesses across Facebook, Instagram, Facebook Messenger and WhatsApp. Partnering with Facebook in the APAC region was a natural transition for Httpool. The […]

Telecom sector fuels Myanmar’s economy

Telecoms-related sectors contributed up to three-quarters of economic growth in countries like Myanmar, Thailand, Malaysia, Pakistan and Bangladesh, a Telenor-commissioned report by London-based consultancy Frontier Economics found. With the telecom industry growing at 6-12 percent annually, faster than the GDP growth rates of many Asian developing economies, the industry is a “prime contributor” to economic […]