Quarterly Business Magazine

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Forex rates forecast to go down in 2016

Some businessmen are forecasting that with the imminent arrival of a new administration and political stability, Myanmar Kyats against the US Dollar exchange rate could fall back to around 1,200 Kyats to the Dollar. They have further stated that the current depreciation is the result of [Myanmar's...

Foreign Investment forecast to be higher than last year despite the General elections

According to the Myanmar Investment Commission (MIC) , foreign investment in Myanmar is expected to be even higher than last fiscal year, despite the General elections( to be held in October and November). U Aung Naing Oo, General secretary of the MIC has been cited as saying" [foreign investment]...

Myanmar Mangoes ask to be exported to the US

The Mandalay Division Mango Producers Association has held discussions with the US Economics Consul delegation to allow the export of Myanmar mangoes to the US. Daw Than Than Swe, Chair of the said association has been cited as saying" We want to export to the US market, which is the biggest market...

Myanmar's first ever satellite link system to be built

The Myanmar Department of Information Technology and Cyber Security has announced that an open tender has been issued for private firms to build a satellite link system. U Sai Saw Lin Tun, Deputy Director General of the Department said that a survey was conducted in July this year to find out the...

Air Bagan fleet grounded only for maintenance and normal service will resume in early October

Since 16th August, Air Bagan flights have been temporarily suspended, and the reasons were purely technical, according to Daw Grace Li, Air Bagan's Deputy Director. Normal service will resume in early October. On the evening of August 17th, U Tayza, owner of Air Bagan also posted on his Facebook...

Ministry of Trade and Commerce annnounces Myanmar has enough buffer rice stocks

The Ministry of Commerce has guaranteed that there will be enough buffer stock,5 million metric tons of rice, for domestic consumption until the next harvest in November 2015. According to the ministry figures, Myanmar grows about 17 million acres of rice per year, and the yearly harvest is...

Yangon Public Bus company NOT to seek MIC approval

The Yangon Public Bus Company will not be seeking approval from the Myanmar Investment Commission(MIC). Dr. Mg Aung, who is leading the efforts on the Yangon Divisional Government side told us that operations should be up and running before the end of 2015. Since the government is taking an active...

Serge Pun's SPA leads the 2015 Myanmar Companies transparency List

According to the Pwintthitsa Report published by Myanmar Center for Responsible Business (MCRB), Serge Pun and Associates (SPA) have surged to the top of the list of Myanmar companies in the year 2015. The report reflects the transparency of businesses in Myanmar and is compiled by UK and Denmark...

Thai firm lands Industrial waste water treatment contract in Mandalay

The Mandalay City Development Committee has announced that an agreement has been reached with a Thai-based company to treat the waste water from factories in the Mandalay Industrial Zone. Hydro Supreme Mandalay Company and the Mandalay City Development Committee signed a contract on the morning of...

Japan to get fully involved in 2nd stage of Dawei SEZ development

U Sett Aung, Chairman of the Dawei SEZ Management Committee, has said that Japan will only become a part of the SEZ development in the 2nd stage. After a MOI was signed at the Mekong-Japan Summit on the 4th of July, Japan officially became the third joint-investor of the project. He further said...

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