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Mandalay’s Motorcycle Market is Clicking

The motorbike market in Myanmar’s second largest city Mandalay has picked up according to motorbikes shops. This is in contrast to Yangon, where riding motorbikes in the city is legal. “Motorbike sales are better than they were before. This is due, thanks in part, to installment payment programs, which most of the motorbike shops increasingly […]

Lawmaker urge parliament to include jail terms in labour law amendment

In 2014, Myanmar enacted an amended Labour Dispute Settlement Law. Three years later the Ministry of Labour, Migration and Population submitted a second amendment bill to Pyithu Hluttaw (Lower House), which discussed and approving the amendments. The bill was then sent to Amyothar Hluttaw (Upper House). Dr. Khin Ma Gyi, an Amyothar Hluttaw Representative, urged […]

What to expect from Myanmar’s top five export sectors

Even though Myanmar managed to bring down its trade deficit by US$500 million to $1.3 billion during the period between April 1 and September 30 from the same period last year, the volatile exchange rate and rising oil prices may well continue to drive up import costs in the coming months. U Yan Naing Tun, […]

New Toyota Innova model hits Myanmar market

Global car company Toyota officially launched its Innova eight-seater compact multi-purpose vehicle (MPV) in Myanmar last Wednesday. The Innova is the third model, after the Avanza and Rush, Toyota has introduce in Myanmar this year. The Innova specifically for the emerging markets in Asia including Myanmar. The new Innova comes with a powerful 2.0 liter […]

Domestic airlines will not raise airfares yet despite rising fuel prices

Despite rising global oil prices, domestic airlines have no plans yet to raise airfares to compensate for higher jet fuel costs. They said this will help encourage domestic air travel while the number of foreign travelers within the country is still low. “We haven’t increased our fares even though fuel costs have risen. We have […]

Local fuel price hikes continue

Local fuel prices have increased by over 21 percent in over four months as dollar and global oil prices increase again, according to local petrol stations. On Wednesday in the local market, maximum prices fixed by Myanmar Fuel Oil Importers and Distributers Association were K1,095 for one liter of diesel (K4,978 per gallon), K1,105 for […]

Ordinary folk feel the pinch from tumbling kyat

The downward spiral of the kyat against the US dollar has taken its toll on the prices that people have to pay for everyday items like rice, fish, meat, and vegetables. Housewives complain that even the prices of salt, fish paste and other condiments that are staples for ordinary folk have increased. The prices of […]

National Planning Law Expects Highest Growth in Telecom, Industrial, Financial Sectors

Amid a slowing economy and complaints from the business community, Myanmar’s parliament has approved a National Planning Law for the 2018-2019 fiscal year which expects to see the highest growth rate in the country’s telecommunications, industrial and financial sectors. On Wednesday, President U Win Myint signed the bill with the approval of the Union Parliament […]

Myanmar notes record high gold price

The price of gold has reached a record high of about 996,500 Kyat per tical on 14 September, thanks to the rising US dollar exchange rate, according to a report in the Global New Light of Myanmar on 15 September. According to the markets the global gold price stands at US$1,206 per ounce at present. […]

Yoma Land rebrands housing projects to push sales

Yoma Land last week held an event to promote and sell units at three of its projects: StarCity, Galaxy Towers and Lotus Hill in Pun Hlaing Estate. The projects were branded as special lifestyle residential homes equipped with spacious landed compounds, full services and facilities. This attracted the interest of local and foreign buyers, said […]