After opening its fifth outlet in Sagaing Region, Shwebo Rice Trading Center is planning to change its corporate status to public to be on par with other trading centers in Myanmar, U Phyo Thura, vice president of the company, told The Myanmar Times on July 10. This will help elevate the center’s presence in the […]
Central Bank Cautions Public on Digital Currencies
May 14, 2019 by
YANGON—The Central Bank of Myanmar warned against the use and trade of digital currencies and cryptocurrencies, including Bitcoin, saying the buying, selling or exchange of digital currency can lead to losses on the consumer’s side. On Friday, the Central Bank released a statement saying it is the sole issuer and supervisor of the domestic currency […]
Yangon Farmers market
May 8, 2019 by
The concepts of ‘Yangon City’ and ‘farming’ are difficult to connect. The smoggy, bustling roads and towering condos of the urban centre often do not even offer a view of any fertile land, though the fields are only a few miles away. It often seems that food magically appears at the supermarket or depots for […]
Come heat or highwater, Yangonites persevere
May 3, 2019 by
Most people in Yangon Region affirmed that they are obviously feeling the higher temperatures these past few week days compared with the same time last year. “People don’t take taxis when it’s very hot. Most people don’t even go out unless they have to. This cuts the drivers’ incomes,” 35-year taxi veteran U Hla Tin, […]
Public mistrust slows adoption of e-commerce in Myanmar
April 29, 2019 by
The use of electronic payments in Myanmar, particularly at shopping centres and in online shopping, has been slowly catching on since the government made digital technology a priority in the 2015 National Export Strategy. In addition to banks issuing Myanmar Payment Union (MPU) cards for electronic payment, mobile wallet applications like CB Pay, KBZPay, AGD […]
Yangon elevated expressway doesn’t need MIC approval: official
January 29, 2018 by
The Yangon elevated expressway project is a government-to-government project and it doesn’t need approval from the Myanmar Investment Commission (MIC), according to the MIC. “Government-to-government projects are not submitted to the MIC. If the investment is made by public, private and partnership and as a developer, it is submitted to the MIC. The infrastructure projects […]
As the World Moves to Renewable Energy, Myanmar Will Follow
July 26, 2017 by
YANGON — The government has been pushing plans for coal-fired power plants to address Myanmar’s great need for electricity. Renewable energy expert Hans-Josef Fell talks about how Myanmar can develop its energy plan. Fell is a former parliamentarian in Germany and the current president of the Berlin-based Energy Watch Group. The Myanmar government has been […]
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