Business

46m use internet: ministry

Myanmar had more than 46 million internet users by early 2017, said the 

7.5m tourists expected in 2020

The number of

Yangon govt 'invests' Ks70bn in YBS

Yangon Bus

Bridging the healthcare gap

 

Social enterprise Trust Oo Group’s managing director Dr Swam Saung Oo speaks to the Eleven Myanmar on being the country’s first-ever attempt to implement M-health (mobile-health) initiatives.

For Swam Saung Oo and his colleagues, improving the nation’s health care is the key to serving the rapidly growing nation.

Smuggling hurts state revenue: minister

The smuggling with neighbouring countries has hurt the state’s revenue, according to the minister for commerce.

Taxes support economic growth, stability and fairness: ministry

The 2017-2018 FY’s national planning; union ministries’ policies, aims, processes and priorities stated that the government will set up a taxation system which will support economic growth, stability and fairness. 

It states that each policy set by the state is going to be implemented in the 2017-2018 fiscal year. 

Foreign insurance companies will be allowed to do business this fiscal year

According to deputy minister for Finance and Planning Maung Maung Win, the government is planning to allow foreign insurance companies to do business this fiscal year.

Currently, only three Japanese companies are allowed to do business in Thilawa Special Economic Zone and the Ministry of Finance and Planning is preparing for the implementation of nationwide coverage as well.

Construction industry in decline in early 2017

Almost 90 per cent of the construction industry of Myanmar is led by small and medium Enterprises (SMEs) and the industry’s ability to make profit has been declining since early 2017, according to Myanmar Builders Guide (MBG). 
 

Myanmar e-commerce leader pushes for expansion

THOUGH a large percentage of Myanmar’s 53-million population still prefer going out to shop, more than half a million people visit Shop.com.mm, the nation’s leading e-commerce platform, for online shopping on a monthly basis, said its chief.  

Sumit Jasoria, managing director of Shop.com.mm, said in an exclusive interview that the firm was seeing some good growth for its business in Myanmar now, though the platform was built up less than three years ago. The firm spent about six months doing market research before entering the country.

Flymya.com acquires UK technology for $600,000

AS TOUR OPERATORS in Myanmar are eyeing to partner with foreign firms to serve their clients better, Flymya.com, the nation’s leading hotels and tours services website, has acquired Switch.cm, a London-based start-up specialising in building reservations platforms for the hotel and airline industry, for US$ 600,000.