Yangon Region has more than 300 karaoke places, according to a cabinet minister. Karen ethnic affairs minister Naw Pan Thinzar Myo revealed the information February 7 to a Yangon regional parliamentary session in reply to MP Kyi Pyar from Kyauktada Township who asked for the exact number of the businesses and the fees they pay […]
Dealers hurt by jade arrests
July 27, 2017 by
The dealers of uncut jade pieces in Hpakant Township, Kachin State, say they are hurt by continuous jade arrests. The arrests began this year where the police and army inspect cars and motorcycles at the city gates for uncut jade pieces. The dealers say they have to pay money to recollect the confiscated jade later. […]
CBM Restrictions on Foreign Banks to be lifted ‘Soon’- Deputy Governor
July 26, 2017 by
The governor of the the Central Bank of Myanmar (CBM) has said restrictions that stop foreign banks offering retail services in Myanmar will be lifted ‘soon’. Deputy Governor U Set Aung told a July 10 Pyithu Hluttaw meeting that it’s time foreign banks were allowed to open branches across the nation and provide their retail […]
Asean’s last frontier outbound market to bloom?
December 15, 2015 by
WE have it on good authority that Myanmar’s Ministry of Hotels and Tourism is stepping up its enforcement of the outbound travel sector by making it compulsory for travel companies in the country to apply for licences to offer overseas trips for Myanmar nationals. In general, tour companies have been offering air tickets, hotels and […]
Myanmar central bank allays currency fears
October 23, 2015 by
Amid widespread anxiety over the impact of the Central Bank’s decision to revoke thousands of US dollar accepter and holder licences, a senior official has promised authorities have no plans to return to old ways. For many years – until 2011, when six commercial banks opened money changers – no ordinary citizen of Myanmar was […]
Stock licences to be issued this month
January 14, 2015 by
Licences will be issued this month to the securities companies which will trade on Myanmar’s first-ever capital market named “Yangon Stock Exchange”, according to the finance ministry. “Myanma Economics Bank (MEB) has already signed a memorandum of understanding with the Japanese companies. The issuance of licences to companies will be done by the Security Exchange […]
Myanmar to open stock market in Oct
January 12, 2015 by
YANGON — Myanmar will open its first-ever stock market later this year, the deputy finance minister said Saturday. “We are ready to start it on October,” Maung Maung Thein said. He also said that stock exchange licences will be issued to companies soon. “The Securities Exchange Commission will issue licences to the stock companies. It […]
10 firms compete for IT licences
December 1, 2014 by
Since the enactment of the recent telecommunication bylaws, more than 10 local and foreign IT companies have applied for licences to construct towers, lay cables and provide other services, according to the Ministry of Communications and Information Technology. The directorate of telecommunications enacted the bylaws on October 14. “More than 10 companies have applied for […]
Tourism sector sees a peak
November 20, 2014 by
Foreign investment in tourism sector recorded over US$2 billion with 31 companies granted licences to construct hotels across the country mostly in Yangon, Mandalay, Bagan, Kawthoung, Techilek and Myeik, according to Ministry of Hotel And Tourism. Yangon has two-thirds of the number and followed by Mandalay and other minor tour destinations. Foreign investment comes directly […]
