At 902,500 kyats per tical, the local gold price is the highest ever on record and upward trend is likely to continue.
27 The News For 27 February 2017
Phandeeyar promotes Burma tech startups, Japan firm sells agricultural machinery in Thilawa, and Chinese Chamber of Commerce opens in Naypyidaw.
Rangoon’s Thilawa Special Economic Zone management committee says they expect to complete Zone B in mid-2018.
Beer, chili, and heavy machinery: Kirin plans purchase of Mandalay beer, Arakan State sends chili to Sri Lanka, and Kubota opens a facility in Thilawa.
Myanmar Business Survey published, Diebold Nixdorf opens in Rangoon, Burma and Thailand sign tourism MoU, SMI to distribute Shiseido cosmetics.
Arakan State’s minister for finance, revenue and economics confirms that the Merciel Resort and Retreat hotel does not have an official license.
“If we want to develop this region, we need to expand Kawthaung Airport so that it can receive direct international flights,” says tourism minister.
‘We expect that more outside investors will come once these rules are approved,’ says an official in the government’s investment directorate.
The state-owned broadcaster will select five new firms to operate digital free-to-air television channels.
World Bank says overall outlook is positive, but barriers and risks to growth remain.
Nissan assembles Sunny model cars near Rangoon, Anawa Devi will farm eels for Japan, and the tourism minister seeks new investors in Singapore.
US financial services company Visa and local Burmese bank KBZ will issue ‘classic’ and ‘platinum’ credit cards starting from Jan. 25.
Thailand will send a trade mission; new flights will connect Burma and Nepal; Singaporean company will build a new power plant near Mandalay.
‘Our target is to install 850 ATM machines by the end of March,’ says CB Bank’s general manager.
Business Roundup (February 18)
Business Roundup (February 11)
New Investment Law Rules to be Announced in March
Business Round Up (February 4)
CB Bank to Double the Size of its ATM Network in 2017
YSX’s Newest Trading Company Announces Base Share Price
Gold Exchange Market to Open in 2017
KBZ Bank, Army-Owned Companies are Tops on Highest Taxpayer List
State Counselor and UNFC Peace Negotiation Team to Meet This Week
USDP Lawmaker Denies Involvement in U Ko Ni Case
U Win Htein Accuses Home Ministry of ‘Fanning the Flames’ of U Ko Ni Assassination
Legal Affairs Commission Extended Despite Army Objections