Amid a slowing economy and complaints from the business community, Myanmar’s parliament has approved a National Planning Law for the 2018-2019 FY which expects to see the highest growth rate in the country’s telecommunications, industrial and financial sectors. President U Win Myint signed the bill with the approval of the Union Parliament and it is […]

The Ministry of Commerce (MOC) on September 18 issued notification (46/2018) which prohibits the business of multi-level marketing (MLM) in Myanmar. The ban will take effect immediately. Action will be taken against all MLM businesses found to still be in operation after the date of the issued notification, under the Essential Supplies and Service Law. […]

Yangon New World Project, which would be the biggest project in Yangon, will be implemented with USD 500 million investment after getting permission from Myanmar Investment Commission (MIC), according to Zaykabar Company. The project is on 14 acres of land in Bahan Township, Yangon where the old Mya Yeik Nyo Hotel was situated, and it […]