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KBZ Bank launches digital wallet KBZPay
KBZ Bank, Myanmar’s largest privately-owned bank, has launched a digital wallet called KBZPay. The mobile phone app will allow users to make cashless transactions, store, send or receive money, and...
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Revenue Group to enter Myanmar market early next year
KUALA LUMPUR: Cashless service provide Revenue Group Bhd is expected to make inroads into Myanmar early next year. Its Group Chief Executive Officer, Eddie Ng Chee Siong said currently the group was...
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Korean Jewelry Firm to Produce Jewelry in Myanmar
Apple Design Jewelry Company Limited, a joint venture between South Korean and Myanmar investors, will be crafting silver and gold jewelry, according to Directorate of Investment and Company...
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Restoration project reopens ‘best view in Yangon’
Through a doorway where colonial shoppers once flocked, up several flights of steps and a wrought-iron spiral staircase, there lies one of the most splendid sights in downtown Yangon, Myanmar’s...
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Uncertainty for Dawei mounts as govt considers replacing ITD
Lack of clarity in the contract signed between Italian-Thai Development (ITD) and the Myanmar government to develop the highly controversial Dawei Special Economic Zone (SEZ) in Tanintharyi Region...
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Telenor Tops Taxpayer List in Myanmar
Yangon – Telenor Myanmar stands as the largest taxpayer among all foreign companies operating in Myanmar, contributing to both the commercial tax and corporate income tax sectors for 2018 tax...
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Myanmar to make electric buses
Modulo electric buses will be manufactured locally under a partnership between No 1 Heavy Industry Enterprise from the Ministry of Industry, Green Power Myanmar Co Ltd, and Csepel Holding Limited of...
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Myanmar to manufacture electric buses
“We need to use alternative fuels, as the fossil fuels we are burning today will be exhausted soon”, said Union Minister for Industry U Khin Maung Cho at the signing of an agreement to manufacture...
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Parami Energy to invest US$25m for LPG distribution
Parami Energy will accelerate the distribution of liquefied petroleum gas (LPG) next year, CEO U Pyi Wa Tun said yesterday. He said in a press conference that starting from December 12, 150,000 Parami...
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Myanmar, S.Korean company launch solar power plant in Rakhine state
A stake driving ceremony has been held in Manaung township, Myanmar’s Rakhine stake to build a solar power plant which can supply 24-hour electricity to more than 1,000 households, Myanmar News Agency...
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Mining applications flow in, but few are complete
Over 1000 applications have been received for mining blocks since July, according to U Min Min Oo, permanent secretary at the Ministry of Natural Resources and Environmental Conservation (MONREC) at...
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Lawmaker urge parliament to include jail terms in labour law amendment
In 2014, Myanmar enacted an amended Labour Dispute Settlement Law. Three years later the Ministry of Labour, Migration and Population submitted a second amendment bill to Pyithu Hluttaw (Lower House),...
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Credit bureau to be up and running within next 12 months
Myanmar will start collecting and providing credit data after a new credit bureau opens in the next 9-12 months, after which banks will be in a better position to offer loans to a larger volume of...
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Implementation of burma’s vacant, fallow and virgin land management law: at...
Land rights of peoples must be protected to improve prospects for peace. The Government of Myanmar’s approach to land policy risks increasing land conflicts and exacerbating current challenges in...
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Myanmar seeks new export markets for local cattle
Myanmar will seek new foreign markets to which it can export cattle, said Daw Tin Nwe Yee, a deputy director from the Livestock Breeding and Veterinary Department under the Ministry of Agriculture,...
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Myanmar energy firm plans $35m investment
DRIVEN by its vision to become an innovative leader in Myanmar’s growing energy sector, locally-owned Parami Energy Group of Companies plans to invest US$35 million (Bt1.15 billion) in its LPG...
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Government relaxes visa rules for Indian travellers
India citizens can now apply for visas on arrival (VOA) at the country’s three international airports in Yangon, Mandalay and Nay Pyi Taw starting from this month, the Ministry of Labour, Immigration...
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Telenor partners Experian to deploy technology enabling subscribers to gain...
Telenor Myanmar has announced a partnership with digital information services provider Experian to reach Myanmar’s unbanked individuals, households and small businesses. By leveraging Experian’s...
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Zingo, Pro Niti Travel, Yangoods win big in Young Entrepreneurs Awards
A company which has developed oral care products for betel chewers and a local travel agency which bucked the bad publicity over the northern Rakhine crisis, topped the first Young Entrepreneurs...
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MySquar suspends mobile money unit, delists shares
Troubled Myanmar app company MySquar temporarily closed its mobile money operation and social media app MyMingalarbar, in addition to making multiple redundancies, as its cash position hit critical...
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