Business

Friday, July 3 2015

United Overseas Bank, one of the nine foreign banks that were awarded licenses to operate in Myanmar last year, opened their first branch in Yangon on July 2 with a focus on Myanmar’s automotive industry and encouraging FDI.

Thursday, July 2 2015

The IMF ended, on 1 July, their Article IV consultation visit to Myanmar releasing information regarding Myanmar’s macroeconomic state, calling for tighter fiscal and monetary policies, and stricter tax collecting policies with less incentives.

The report said that in order to restrict inflation Myanmar must enforce tighter fiscal and monetary policies through, “vigorous enforcement of prudential standards in the banking sector to slow credit expansion and reduce financial sector risks.”

Tuesday, June 30 2015

KFC will officially open its doors to Myanmar on 7 July with its first restaurant across from Bogyoke Aung San Market, but will begin serving the internationally acclaimed fried chicken to the country’s blossoming middle class on June 30.

Monday, June 29 2015

POSCO said on 26 June in a regulatory filing that it won't sell off the resource development unit of Daewoo International that has caused controversies within the group reported Korea IT Times on 29 June.

Gem merchants examine jade lots at a special sale of jade in Yangon. Archive photo: EPA
Sunday, June 28 2015

Hundreds of merchants from China to Malaysia flocked to Nay Pyi Taw on Friday to inspect jade and other precious stones at ...

Friday, June 26 2015

Thailand's United Power of Asia Pcl said it plans to increase electricity-generating capacity in Myanmar's Dawei Special Economic ...

Thursday, June 25 2015

Following last month’s launch in Turkey, Google has today announced that Android One is now expanding to Myanmar according to 9to5google.com on 23 June.

Wednesday, June 24 2015

After criticism from small and medium-sized travel agencies, the Union of Myanmar Travel Association has challenged some of ...

Wednesday, June 24 2015

Tourists will be able to visit five Southeast Asian nations on a single visa under a scheme recommended Monday at ...

Night view of Kempinski Hotel, Nay Pyi Taw Photo: Kempinski
Monday, June 22 2015

Myanmar wants to boost its food and hospitality standards to serve growing demand from international tourists, ...

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