Financial services among the fastest growing sectors in Myanmar

The financial sector rose the most among 15 sectors managed by the government in the first six months of the 2017-18 fiscal year, growing 22 percent as a result of the implementation of new financial services, U Set Aung, deputy minister of the Ministry of Planning and Finance, at Pyidaungsu Hluttaw meeting on Thursday. “If […]

Vietnamese garment industry faces fierce competition from China, Myanmar

Competition in the world garment market is forecast to be stiffer, not only with China but also with countries such as Myanmar and Cambodia as they increase competitive pressures on Vietnamese products. The information was announced at a seminar on the prospect of garment exports in 2018 held in Ho Chi Minh City on November […]

High potential of Myanmar Economy

The topic of economic transformation in Myanmar was thoroughly discussed at the Forum on Myanmar Democratic Transition held from 11 to 13 August 2017 in Nay Pyi Taw. The talks could generally be summed up that despite the slow economic take-off in Myanmar, the good potential of the Myanmar economy will be seen in the […]

Tax hike on auto imports ‘not right solution’: merchants

Japanese used cars being imported across the Thaungyin River. Myanmar merchants on the Myawady border with Thailand complain that a pending increase in tax on imported vehicles is negatively impacting ordinary people. The border point has seen a rise in vehicle imports this month after the government declared it would increase vehicle import taxes from […]

Lottery sales raise Ks19bn

The Aungbarlay State Lottery Department says it made more than Ks19 billion from selling Ks500 lottery tickets for the six-monthly lottery. The department said more than Ks11 billion would be used for more than 120,000 prizes. It said 42,300,000 tickets had been sold over six months. A total of 47 single and combined alphabets were […]

Government to open vocational training schools for dropouts in Yangon

The Yangon government and the Ministry of Education will start collaboration in running vocational training schools in the region to help youth dropouts find gainful employment, Yangon Chief Minister U Phyo Min Thein said. “Children who drop out from school will finally have a chance to get access to education that they can afford,” U […]

Mastercard to keep high growth rate in Myanmar

Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]

Firms asked to bid for aviation contracts

Subscribe to our tender alert mailing list Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport. He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run […]

The entrance of 2 Innovative Agri-Mobile Apps in Myanmar

Agriculture is the largest sector of Myanmar’s economy – a 2015 survey by the Department of Labour found that it is the main job of more than 54% of the working population. Given that mobile phone penetration in Myanmar’s market is so high, it is now possible to transmit useful information to remote farmers. Input […]