Myanmar to allow private plantations to export timber
The government will allow trees grown in plantations owned by the private sector and state-owned companies to be harvested for their timber and exported. Myanmar Timber Enterprise general manager U NyiNyi ...
CBM to approve QR code payment transactions soon
Digital payments using QR codes will be introduced to Myanmar as soon as the framework for such payments are ready. Shanghai-based financial services company Union Pay International’s (UPI) QR code system ...
Myanmar, Thailand sign agreement to facilitate overland trade
Overland cross-border trade between Myanmar and Thailand will officially commence at the end of July following an agreement to allow vehicles from both sides across the border to facilitate the transportation ...
China to import US$500m of Myanmar rice this year: minister
The value of rice Kunming will import from Myanmar this year is expected to reach US$500 million this year through a barter arrangement, deputy commerce minister U Aung Htoo claimed. A ...
Businesses collaborate to launch new loan facility for landowners
iMyanmarHouse.com has introduced an installment loan programme in Myanmar for those who own land but lack the capital to build a house or a building for commercial purposes. Ref: https://www.mmtimes.com/news/businesses-collaborate-launch-new-loan-facility-landowners.html
Magwe on track to see more investments this year
Magwe Region received K1.5 billion (US$966,000) in investments between last October and April this year, says Regional Minister for Planning and Development U Zaw Min. The investments, all from local businesses, ...
Singapore embassy enlists Exera for security service
The Singapore Embassy in Yangon has asked Exera Myanmar to provide security guarding services in the next three years. The tendered price is US$478,329 for the initial period of three years ...
Final warning to deposit export earnings in local accounts issued
The export-import registration certificates of 93 companies will be revoked and actions will follow if export earnings are not deposited back into local bank account within two weeks of the trade, ...
KDDI, Sumitomo jointly enter Myanmar mobile game market
Major Japanese mobile carrier KDDI Corp. and trading house Sumitomo Corp. are launching a mobile game business in Myanmar in cooperation with a state-run telecommunications entity. Ref: https://www.mmtimes.com/news/kddi-sumitomo-jointly-enter-myanmar-mobile-game-market.html
Toyota to build factory in Myanmar
Toyota Motor Corp. is planning to build an automobile factory in Myanmar, The Yomiuri Shimbun has learned. An official announcement could come before the end of the month, with construction on ...