In an attempt to control rising fuel oil prices, eight State-owned fuel filling stations will directly sell fuel at a fair price as of July 1, according to the Ministry of Electricity and Energy. Rising fuel prices are coupled with an increase in the global fuel price and currency exchange rates. The ministry will sell […]

Exchange rate in mid-June was over Ks1,350 per dollar and reached Ks1,390 at the end of June. It then increased to its highest point of Ks 1410 per US dollar on 13 July. With the increase in the foreign exchange rate, the Central Bank of Myanmar (CBM) set the rate at Ks1,408 per dollar, recently. […]

Yoma Strategic Holdings Ltd announced the launch of Yoma Land, a property-focused company that will unify all their real estate projects in Myanmar. The firm will continue to implement luxury residential buildings as well as to explore new opportunities to accommodate more “mass market housing”, bringing home ownership to many more people. As of March […]

MPT, Myanmar’s first and leading telecommunications operator, announced that it is launching the next phase of its Fibre to the Home (FTTH) Internet Rollout Plan on 5th July. MPT is now covering the whole of downtown Yangon, 10 townships, enabling families to access high-quality and modern internet infrastructure. In addition, there are no initial fees […]

Golden Myanmar airlines and Air KBZ will be flying a daily codeshare flight to Yangon-NyaungU-Mandalay-Heho starting from June 1 till September 30. The promotion period is from June 1 to September 30 and reservations will be accepted by phone. The airlines will charge Ks 45,000 per ticket for citizens and US$81 per ticket for foreigners […]

Partnered with Yoma Strategic Holdings Ltd., Dulwich College Yangon is making a capital investment of more than US$30 million to develop the first phase of their two world-class campuses. It has also announced the details of a US$8 million investment into the sport facilities at its campus. The 20-acre StarCity campus will be introducing state-of-the-art […]

Grab has announced it will deepen the company’s presence in Myanmar by investing US$100 million over the next three years. The money will allow Grab to strengthen its presence in Yangon and work with local governments to launch its ride-hailing services to other cities across the country. The company also plans to unveil other products […]

Building on the 2016 Agricultural Development Policy, MOALI, with the support of the Agricultural and Rural Development Coordination Group, drafted the five-year Agriculture Development Strategy with a corresponding investment plan. The aim of the ADS is to identify the investment priorities of the sector over the short, medium and long term. The strategy also aims […]

  U Set Aung, Deputy Minister for Ministry of Planning and Finance, and Mr. Ichiro Maruyama, Ambassador extraordinary and plenipotentiary of Japan to Myanmar, exchanged notes concerning the grant aid for the project for the development of financial market infrastructures, worth 5,549 million Japanese yen (approximately US $50.5 million) in Nay Pyi Taw on 14th […]

The Myanmar kyat has been depreciating against the US dollar in recent days. Starting from the middle of January, the dollar to kyat interbank exchange rate in Myanmar’s currency market dropped to Ks1,322. The exchange rate fluctuated around Ks1,327 from January to April, and the highest rate was recorded at Ks1,331 during that period. The […]