Category: Highlights

Fifteen Austrian companies explore opportunities in Myanmar

An Austrian trade mission comprised of 15 global pioneers visited Yangon and Nay Pyi Taw on 3rd Oct to explore business opportunities and promote bilateral trade and investment in nine major sectors.

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Property prices crash in Mandalay

Due to unexpected currency fluctuations, property prices in some of Mandalay Region’s less populated areas have fallen by half and transactions are almost non-existent, only those under K100 million have some transaction, according to real estate

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Telecommunications sector on the rise

According to the National Planning Bill signed by the President on 21 Sep 2018, Myanmar telecommunications sector is expected to grow by 15 percent  between Oct 2018 and Sep 2019

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Unused funds returned

The former Mandalay Region Government has turned over the first installment – MMK 500 million (US$ 312,832) of MMK 3 billion in unused development funds.

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MEB to lend MMK 250B to SMEs

State-owned Myanma Economic Bank will lend MMK 250 billion to well established local small and medium-sized enterprises (SMEs)  in the manufacturing, production and trading, import substitution, recycling and energy saving and services sectors.

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Government bans MLM

Ministry of Commerce prohibits multi-level marketing business activities in Myanmar under the Essential Supplies and Service law after having found many consumers have fallen victim of MLM strategies

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