The central bank set the exchange rate for the dollar at 1,853 kyat per dollar on April 3, and the council is working to open the local gold market at that rate. The military council is trying to control the domestic gold market, but has not …
Market analysts say the black market on the Rangoon Gold Market could be halted and a black market could emerge as the central bank under the military council restricts the trading of the local gold price based on a fixed exchange rate. As of 1pm today, …
Coup d’état to boost sunflower crop The Ministry of Livestock and Irrigation is making arrangements. To obtain the necessary varieties for the expanded sunflower crop; The department said it would provide technology and other benefits, and would work with the private sector to become a major …
About 300 tonnes of riverine fish to be exported to Bangladesh from Rakhine State has been blocked due to Typhoon Arseni. A trader exporting riverine fish to Bangladesh said, “More than 200 tonnes are trapped in Sittwe and more than 100 tonnes in Maungdaw. There is …
Due to the power outage, small and medium enterprises in Rangoon have been forced to relocate to factories and factories. Many businesses, including factories, are facing difficulties. Business owners in Rangoon say that since the beginning of March, there have been power outages in Rangoon, which …
Garment manufacturers say the aftermath of a military coup in Burma has led to a sharp rise in fuel prices and a sharp rise in fuel prices, making it difficult for the garment industry to survive. In Rangoon, the power supply is out of order and …
Despite the coup leader’s claims that productivity has improved in Burma’s agricultural sector, farmers’ activists say that on the ground, fighting and instability in various areas after the military coup have left farmers unable to work properly. A farmer activist said, “In the rural areas, no …
Business
February 27, 2022
The Ministry of Transport and Communications has announced that vehicles from 1980 models and earlier will be re-registered as classic classic vehicles. Only vehicles that were originally registered will be re-registered and the vehicle number will be assigned as the new vehicle number. Re-registration of classic …
Business
February 24, 2022
In response to the Aung Metta (Station) salt manufacturing unit, the state-owned family-owned salt manufacturing unit in Magway produces about 250 kilos of salt a day, which is now offered at native markets. Bikes from the decrease villages got here to promote uncooked salt. You can …
Business, News
February 24, 2022
Greater than 2,700 tonnes of onions for export to China have been stranded at Muse warehouses on the Sino-Burmese border, in keeping with Burmese merchants. One dealer stated, “The acquisition value of a 17-tonne automotive is 180,000 kyats. A 17-tonne automotive prices 17,000 kyats. Greater than …
Business
February 24, 2022
I shut down the social networking site and sat back in my wheelchair. I put the telephone in my hand on my chest for a moment. The thought came to me, “Every ethnic group in the world has struggled to survive on its own.” In a …
Business
February 22, 2022
During the first day of the trial, Ko Ko Hlaing, a representative of the Military Council, said that Burma needs to negotiate and resolve the Rohingya issue in Rakhine State. He said he was determined to resolve the issue through reconciliation. It would be dangerous and …
Business
February 20, 2022
The world is led by “wisdom”. A society led by wisdom creates a prosperous society and a society led by ignorant people creates all kinds of destruction. Htoo Eain Thin said, “There is nothing to be revered on this earth except love and wisdom.” Education; Communities …
Business
February 19, 2022
Global gold prices may fluctuate sharply, but gold prices in Burma are expected to fluctuate slowly, according to gold market observers. According to data released by the Yangon Division Gold Entrepreneurs Association, the world gold price was US $ 1,797 an ounce on the morning of …
Business
February 14, 2022
A UNESCO team visits Mrauk-U, Rakhine State for a week-long World Heritage Site Rakhine State Mrauk-U is being considered for World Heritage listing, and a UNESCO team is currently on a seven-day field trip. Professor Massimo Sarti, an Italian water expert, has been conducting a field …
Business
February 14, 2022
Today marks the 75th anniversary of the signing of the Panglong Agreement, a milestone in the history of Burma’s independence struggle and the unification of all ethnic groups in the mountains and plains. Although the 75th anniversary of the Union Day has been marked as Union …
Business
February 12, 2022
In January 2020, the consumer price index (CPI) was 161.33, up 9.09 percent from the same period last year, according to the Consumer Price Index (CPI). The national consumer price index for January 2020, based on the 2012 base year, was 172.69 for the food group; …
Business
February 12, 2022
Kovis Centers Suspended in Rangoon Reopen Due to Rising Omegon Outbreak According to the Yangon Region Public Health and Health Department, more than 10 treatment centers will be opened in Rangoon Region due to the rising incidence of Kovis-19 mutations in the omega-19 virus. Yoma Yeik …
Business
February 10, 2022
After the military coup, the stock market on the Rangoon Stock Exchange, along with the stock index, began to decline. According to figures released by the Yangon Stock Exchange, the stock index was down 402.16 percent from 402.16 percent in the first quarter (October, November, December …
Business
February 3, 2022
Within a year of the coup, millions of jobs were lost and the country’s economy was hit hard. In Burma, all classes of people have been hit hard by the military coup, and the lives of the lower classes have been strained by job losses and …
Business
February 3, 2022
With political instability in Burma, currency prices have also fluctuated, with the US dollar rising to nearly 3,000 kyat in the external market, and the World Bank estimates that the dollar shortage will continue in 2022. Between 2017 and 2019, the kyat appreciated against the US …
Business
February 3, 2022
Inflation in Myanmar rose to 7.3 percent in the one year after September 2021 (budget year) after the military coup, and has risen to 9.8 percent in 2022, according to the World Bank. According to the World Bank’s 2022 Myanmar Economic Monitor, Myanmar’s average inflation rate …
Business
January 30, 2022
According to the YSX Annual Report, the Yangon Stock Exchange (YSX) traded less than 8 billion kyats in 2021 compared to the same period last year. In 2021, the value of shares traded was 4.3 billion kyats, down from 12.6 billion kyats in 2020, about 8.3 …
Business
January 29, 2022
The Yangon Region Urban Transport Supervision Committee (YRTC) has announced that a special YBS driver training course will be launched in February to operate the YBS vehicles operating in Rangoon. Due to the need for drivers in YBS vehicles, the Special Driver Training Course No. (1/2022) …
Business
January 29, 2022
Myo Myint, chairman of the Yangon Region Gold Entrepreneurs’ Association, told the Myanmar Platform that a permit was still being applied for a Safe Keeping Receipt (SKR) law to sell paper gold through banks. “SKR application has not been rejected yet. Still applying When we get …
Business
January 29, 2022
The World Bank estimates that poverty in Myanmar is twice as prevalent as Kovis-19. The World Bank says poverty has more than doubled since before the outbreak of Kovis-19, especially as recent events have hit many places, including the poor, who have run out of resources. …
Business
January 26, 2022
Myanmar’s economy is projected to grow by just 1 percent in 2022, according to a January 26 report. The World Bank says that while some sectors are showing signs of stabilizing, the forecast reflects that the Burmese economy is extremely weak. World Bank Myanmar “For most …
Business
January 25, 2022
In Yangon’s passenger sector, card payment was introduced in July 2020 on designated routes. However, the use of tolls has been virtually non-existent since the coup d’état took place in February last year. YBS buses are less regulated and more spacious. There has been an increase …
Business
January 23, 2022
The Lweje-Laring border checkpoint was opened, but hundreds of cars were stranded. Traders and truck drivers say they have not been allowed to leave yet. “There are more than 100 Chinese cars left,” he said. We, the Burmese car, have about 370 cars left in Laing. …
Business
January 23, 2022
Lwe Jel: Traders and farmers on the Chinese side of the border protested on January 20 due to delays in managing the flow of goods on the Chinese side, according to border traders. “They are protesting. The building is very high. The building is more than …
Business
January 22, 2022
Indawgyi Lake in Mohnyin Township, Kachin State, has seen a decline in fishing, according to local fishermen. According to a local fisherman from Indawgyi Lake, the catch is declining year by year compared to about 10 years ago. “Fish catching is declining year by year,” he …
Business
January 22, 2022
A lucky winner of the National Unity Government (NUG)’s lucky winner of the’s last spring’s opening lottery’s show has donated all of his prize money. The lottery ticket number 0210290089, which won a special prize at the opening ceremony of the spring lottery in December, donated …
Business
January 21, 2022
The local gold price, along with the dollar and world gold prices, rose to 188,000 kyats per kyat on the morning of January 20. In the past, gold prices rose sharply due to a lack of trust in the kyat, but now gold prices are soaring …
Business
January 18, 2022
“Currently in Burma, by the end of this year, my own design, Daung Lan, Myanmar Dylan Club with traditional Myanmar style and system. The lanterns I make, the luminaries and the luminaires are in high demand, and they have the same taste. There are no such …
Business
January 18, 2022
The United Nations Development Program (UNDP) estimates that nearly half of Burma’s population will fall into poverty early next year due to the economic downturn caused by the Kovis epidemic and the military coup over the past five years. With a daily income of 1,590 kyat …
Business
January 18, 2022
According to the Indian government’s foreign trade policy, pulses, Imports of green peas and pulses were originally scheduled for the end of October, but have now been extended for another two months until the end of December. According to Indian media reports, the import of pulses …
Business
January 18, 2022
The Myanmar Oil Traders and Oil Entrepreneurs Association announced today that it will sell palm oil at a cheaper price. The association will sell only the equivalent of 3,700 kyats per pound at the wholesale price, as the central bank has sold foreign currency directly to …
Business, Finance
January 16, 2022
In the first two months of the 2021-2022 half-year budget, more than 500,000 tonnes of Burmese rice and broken rice were exported, according to the Myanmar Rice Federation. According to the Myanmar Rice Federation (MRF), 32 companies exported more than 210,000 tonnes of rice and broken …
Business
January 16, 2022
According to tour operators, the number of domestic tourists in Burma has increased significantly during the current winter tourist season, compared to 2020. Domestic tourism has declined sharply since last year after the military coup, when domestic tourism resumed in the aftermath of the first …
Business, Finance
January 16, 2022
The Pakokku Onion Commodity Exchange hit a record high of 47 lakh pisa in the summer onion harvest in November, leaving traders and stalls at a loss. In previous months, I spent 10 lakhs a month. According to the owners of the Pakokku Onion Festival, only …
Business, Finance
January 16, 2022
Traders are demanding that the roads in the Kinchaung Economic Zone be reopened and reopened to speed up trade on the Burma-Bangladesh border, but that they be rehabilitated so that they can be used for a long time. Traders say the Kinchaung economic zone has resumed …
Business, Finance
January 16, 2022
The Department of Commerce under the Ministry of Commerce has announced that it will resume accepting applications for car import licenses from car dealerships in Burma from January 3, 2022. But it’s a new car, An owner of a car dealership told DVB that the import …
Business, Finance
January 16, 2022
Norwegian telecom operator Telenor has agreed to sell a 51 per cent stake in Wave Money, one of Myanmar’s largest mobile payment services, to its partner Yoma Strategic Holdings Group, which is listed on the Singapore Stock Exchange, according to Nikkei Asia. Wave Money is valued …
Blogging, Finance
January 14, 2022
A lucky winner of the National Unity Government (NUG)’s lucky winner of the’s last spring’s opening lottery’s show has donated all of his prize money. The lottery ticket number 0210290089, which won a special prize at the opening ceremony of the spring lottery in December, donated …
Business, Finance
January 14, 2022
Instability of the kyat after the military coup; Real estate prices in Monywa, Sagaing Division, have skyrocketed due to the collapse of the banking system. A real estate agent in Monywa says people are increasingly buying more solid land because they do not want to keep …
According to the Yangon Region Gold Entrepreneurs’ Association, the price of one kyat of academy gold rose to 1,877,500 kyats on the afternoon of January 11. In the evening, the price dropped to 186,000 kyats and the price per unit was 8,500 kyats. In the morning …
Business
January 12, 2022
In March 2019, deposits in state-owned banks and personal banks exceeded 43,226 billion kyats, in comparison with 236 billion kyats within the earlier three months. In accordance with the Quarterly Monetary Statistics Bulletin (2019 Quantity I) launched by the Central Financial institution of Myanmar, deposit deposits …
Business
January 12, 2022
According to pulses traders in Bayintnaung Market, India has allowed an increase in the import of 250,000 tonnes of jute, which has jumped by more than 100,000 kyats per tonne to around 1230,000 kyats per tonne FAQ. In the 2019-2020 fiscal year, India’s import quota will …
Business
January 12, 2022
By the end of March 2020, Myanmar citizens will be allowed to invest more than 20,527 billion kyats. Manufacturing; Transportation; According to figures released by the Myanmar Investment Commission, most investments are in hotels, tourism and construction. A total of 1,700 businesses by Myanmar investors have …
Business
January 12, 2022
The Central Bank of Myanmar bought $ 35.6 million in a foreign exchange auction in August and bought $ 214.5 million from January to the end of August 2020, according to the Central Bank of Myanmar. The central bank will raise $ 3.8 million on August …
Business
January 12, 2022
On December 6, the world dollar index was around 96 points and the exchange rate was around 1,788 kyats per dollar, but it was selling at around 1,860 kyats per dollar, according to foreign currency traders. Although the exchange rate is around 1,700 kyats per dollar, …
Business
January 12, 2022
Every Loan Creates a Deposit. There is a bank saying. A loan from a bank is a return to a bank as a deposit. Why? People do not want to hold a big bag of banknotes for long because of five enemies. So, every time the …
Business
January 11, 2022
Winter and sunflower fields, an oil crop, are thriving in Moenae Township Most of the villages in Moenae Township, Linkhae District, southern Shan State, are experiencing winter sunflower cultivation, an oil crop, and are hoping to get sunflower seeds and good prices at harvest time, according …
Business
January 11, 2022
The domestic avocado market is expanding as avocados are being traded online According to U Myo Nyunt, vice-chairman of the Myanmar Avocado Growers ‘and Exporters’ Association, the change in the online quality of avocados to sell with a quality assurance system has boosted consumer confidence and …
Business
January 10, 2022
Along with the RCEP, the CPTPP is a complete cooperation settlement. The Complete and Progressive Settlement on the Trans-Pacific Partnership (CPTPP) is the East Asia Settlement concluded beneath US President Donald Trump. President Donald Trump has withdrawn from the CPTPP, previously referred to as the Trans-Pacific …
Uncategorized
January 10, 2022
Kyaw Than, chairman of the Myanmar Thanakha Association, said that although the Myanmar Thanakha Association had repeatedly asked the Department of Consumer Affairs to ban the import of cosmetics under the name of Thanakha, it was not significant. “The Department of Consumer Affairs was established once …
As of the end of December 2020, the value of foreign investment in the Thilawa Special Economic Zone in Thanlyin Township, Rangoon Region, was about US $ 1.4 billion, according to figures released by the Directorate of Investment and Company Administration (DICA). According to DICA’s end-of-year …
Aye Chan, chairman of the Myanmar e-commerce Association, said that the provisions of the cyber security bill could be detrimental to e-commerce businesses, which are digital business steps, and that the provisions of the bill need to be amended for e-commerce development. “It’s good to be …
A new efficiency mode is one of the most notable features. When it detects that your device’s battery is low, the function switches to efficiency mode. When you switch to efficiency mode, your system’s resource utilization, such as CPU and RAM, is lowered, resulting in longer …
Breaking
February 12, 2020
Myanmar’s cross-border trade volume exceeded US $ 1.575 billion in the three months from October 1 to December 31, 2021, down US $ 1.063 billion from the same period last year. Border trade reached more than $ 2.638 billion in the same period last year, according …
Breaking
February 11, 2020
Domestic sugar prices fall during the regular sugarcane milling season, but this season the local sugar prices are good. December January and February are the season for harvesting, so prices may fluctuate when a new tooth enters the market. At present, Vietnam is buying Burmese sugar. …
