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Rice trading center in Shwebo to go public

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

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

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

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

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 […]

One-stop shops must serve public better, says minister

One-stop offices need to improve their service to the public, Union Government Minister U Min Thu told employees of the General Administration Department in Pathein township, Ayeyarwady Region, on Monday. The department has opened 316 One-stop offices with other agencies in the regions and states, aimed at easing the burden on people, who before now […]

Myanmar Press Council Turns Attention to Exposing Fake News

The Myanmar Press Council announced Tuesday that it will focus on exposing people in Myanmar who produce fake news to manipulate public opinion, following the filing of a complaint by authorities in Mandalay region about an apparently phony social media report critical of the local government. The report about the business community questioning the legitimacy […]

Yangon elevated expressway doesn’t need MIC approval: official

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

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 […]

KBank Broadens SME Support in Myanmar

KBank, which styles itself as a champion of small business, has been helping entrepreneurs in Myanmar over the past three years, with short training sessions focused on issues including knowledge transfer and raising awareness of business opportunities. Pattanapong Tansomboon, first senior vice president of K Bank, said in an interview that the bank was broadening […]