Daw Aung San Suu Kyi greets her supporters after the meeting with government officials and people in Bago in March 2019. Daw Suu under pressure to drop car import licences for govt officials Exclusive: Daw Aung San Suu Kyi’s government is under renewed pressure to drop plans to award tax-exempt car import licences to senior […]
Govt officials to be given vehicle import licences
January 10, 2020 by
The commerce ministry is set to grant individual licences to senior government employees to import vehicles without going through official car dealerships, according to a ministry memo seen by this newspaper. A notice from the Ministry of Commerce said senior government officials will be allowed to import cars – with models selected by the ministry […]
Official remittance licences now available for migrant workers
November 28, 2019 by
Workers are now able to apply for official remittance licences to transfer money between Myanmar and other countries, according to the Central Bank of Myanmar (CBM). The move, which commenced on November 15, is aimed at facilitating money transfers to Myanmar by migrant workers based overseas. A deposit of K100 million is required to apply […]
The wait’s nearly over for foreign insurers
February 13, 2019 by
After waiting years to enter the Myanmar market, foreign insurance companies have been told they can expect to be granted operating licences within months. The licences will be issued under an industry liberalisation plan that was delayed for more than a year – a hold-up that the regulator, the Insurance Business Regulatory Board, has defended […]
Yangon home to over 300 karaoke places
February 13, 2018 by
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 […]
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