President’s Honourary Award and certificates of honour presented to highest taxpayers

A ceremony to present the President’s Honourary Award and certificates of honour to those who made highest tax payment on income tax and commercial tax for Assessment Year 2016-2017 was held at the guest hall of Presidential Palace in Nay Pyi Taw on March 6, attended by President Htin Kyaw.

Construction Ministry, Chinese company sign MoU on feasibility study for two projects

The Ministry of Construction and China Harbour Engineering Co Ltd have signed a memorandum of understanding on feasibility study to implement projects of Mandalay-Htigyait-Muse expressway and Kyaukphyu-Nay Pyi Taw highway, according to sources from the Ministry of Information.

The MoU signing ceremony took place at the Construction Ministry in Nay Pyi Taw on March 6.

Myanmar poised to push for digital economy with corporates’ aid


Daily minimum wage set at K4,800

The National Committee on Fixing the Daily Minimum Wage yesterday decided to set the daily minimum wage at K4,800, said Thein Swe, Union Minister for Labour, Immigration and Population.

Three-quarters of local workers in Thilawa SEZ have just basic education


About 80 per cent of workers in factories and plants in the Thilawa Special Economic Zone are residents from Thanlyin and Kyauktan Township, said U Set Aung, chair of the Thilawa Special Economic Zone Management Committee.

“Whenever I meet with locals, they tell me they apply for security posts only as they were not well-educated. But there were many job opportunities for the people from all stratas when the Thilawa SEZ started its operations,” he said.

Only 40 factories approved for commercial operations in Thilawa SEZ

Some 40 factories can carry out commercial operations in Thilawa Special Economic Zone, said Set Aung, chair of the Thilawa Special Economic Zone Management Committee.

February sees record drop in YSX trading

Trading at the Yangon Stock Exchange (YSX) experienced a record-breaking drop of over 740 million kyat in February – the lowest since the exchange launched in March, 2016.
There are now five listed companies in the stock market after TMH Telecom Public Company was listed on January 26.

Mobile players step up 5G efforts




Trade balance shows deficit of four billion dollars

Now trade balance has shown a deficit of US$4 billion although it is expected to reach US$1 billion in 2017-2018 FY.

Myanmar’s foreign trade volume reached US$28,613.241 million from April 1 of 2017-2018 FY to February 16, up US$4,046.570 million compared to the same period of the previous year.

Emerging markets on cusp of digital transition