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 […]

World Bank pumps in $100m to halt floods in Yangon

Yangon Region Minister U Phyo Min Thein said a study on how to address the floods in Yangon is ongoing, partly using the $100 million aid. Currently, drains in the Yangon City are becoming narrow and low amid increasing population and increasing rainfall, he said in a recent meeting with the vice president and the […]

Ford opens Yangon factory

The government and motor giant Ford jointly opened a car assembly plant in Yangon on July 21. Ford worked with Capital Automotive Limited and Capital Motors Limited to open the factory at the industrial zone in east Dagon Myothit. Khin Tun, chairman of Capital Automotive, praised the collaboration. The Capital Motors factory puts together Ford […]