Myanma Timber Enterprise will sell teak & hardwood round logs and sawn timbers by open tenders in us dollars particulars of the open tender sales are as follows: (a) DATE & TIME (13-12-2018) (09:00)AM Ex-Site Hardwood Logs Only (14-12-2018) (09:00)AM Yangon & Ex-Site Teak/Hardwood (log and conversion) (17-12-2018) (12:00) noon Yangon Teak Log Only (b) […]
Laxer Rules of Foreign Banks to Spur Trade, Central Bank Says
November 19, 2018 by
The Central Bank of Myanmar said its decision last week to let foreign banks operating in the country lend and provide other services to domestic companies will help exporters limited by local lenders finance their trade with the rest of the world. “We expect that they [foreign banks] will mainly provide foreign currency to the […]
Myanma Timber Enterprise Tender. Auction Date 15,16 and 19 Nov 2018
November 8, 2018 by
Myanma Timber Enterprise will sell teak & hardwood round logs and sawn timbers by open tenders in US Dollars particulars of the open tender sales are as follows: (a) DATE & TIME (15-11-2018) (09:00)am, (16-11-2016) (09:00)am and (19-11-2016) (12:00)Noon (b) COMMODITIES & VOLUME -Teak Logs About (2016) Tons -Teak Conversion About (434) Tons -Pyinkado, […]
Myanmar auto portal on fast track amid surging demand
November 2, 2018 by
THOUGH the lack of stable automobile policies in Myanmar is holding back the potential for an auto boom, CarsDB.com, the nation’s largest automobile marketplace, is confident it will be able to maintain its annual two-fold growth in revenue, according to Wai Phyo Kyaw, co-founder and chief operating officer of the company. “Since the past three […]
Domestic airlines will not raise airfares yet despite rising fuel prices
October 18, 2018 by
Despite rising global oil prices, domestic airlines have no plans yet to raise airfares to compensate for higher jet fuel costs. They said this will help encourage domestic air travel while the number of foreign travelers within the country is still low. “We haven’t increased our fares even though fuel costs have risen. We have […]
Myanmar to hold investment fairs to spur development
October 12, 2018 by
Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]
Legislation in the works to regulate multi-level marketing
October 10, 2018 by
Following the government’s prohibition of multi-level marketing via a notification dated September 18, consumer rights advocates and other experts have come out to say more must be done to educate the public about the drawbacks of the system. The notification from the Ministry of Commerce says those found operating MLM-type businesses will face legal action […]
BSI interrogates some suspected currency manipulators
September 26, 2018 by
Bureau of Special Investigation (BSI) is interrogating some individuals who are suspected of manipulating US dollars along Shwebonetha Street in Yangon, said Aung Myo, Director of the BSI. “Today, the BSI interrogates some people according to the directives in connection with the currency manipulation. The department will continue investigating people the next day. The department […]
Australia’s Frontier Digital Ventures to Invest Millions into iMyanmarHouse.com
July 24, 2018 by
Australia based Frontier Digital Ventures (FDV), is a a that was founded in May 2014 and headquartered in Kuala Lumpur, Malaysia. It focuses on becoming the world leader in online classifieds businesses in frontier markets. They are experts in the online classifieds space with a particular focus on property and automotive verticals and general classifieds […]
