Shinhan Card starts microloan business in Myanmar

South Korea’s Shinhan Card Co. launched microcredit service in Myanmar as part of efforts to explore new revenue sources in overseas markets amid dwindling profitability in the local credit market due to falling commission fees. Shinhan Card said on Tuesday that it began operation of Shinhan Microfinance in Yangon, Myanmar. The Korean credit card operator […]

Local firm plans Daewoo bus factory in Yangon

Myanmar Coach Centre, the local distributor for Daewoo buses, plans to build a factory in Yangon that could start producing coaches and city buses by 2018, its managing director said. The company, which sells minibuses and coaches for tours, imported 15 Daewoo city buses earlier this year for Yangon’s Bus Rapid Transport (BRT) system, the […]

Myanmar most improved for ease of starting business

Myanmar has leapt up the World Bank’s ranking for ease of starting a business – moving from 189th out of 189 countries (or last place) last year, to 160th in new numbers released yesterday. This makes it the most improved country in the world in this category. For overall ease of doing business, Myanmar has […]

Burma’s capital: a super-sized slice of post-apocalypse suburbia

Driving through Naypyidaw, the purpose-built capital of Burma, it could be easy to forget that you’re in the middle of one of south-east Asia’s poorest countries. On either side of the street, a seemingly endless series of giant detached buildings, villa-style hotels and shopping malls look like they have fallen from the sky, all painted […]

Myanmar and Kazakhstan agree to develop tourism cluster

ASTANA. KAZINFORM – The Kazakh delegation headed by the Ambassador of the Republic of Kazakhstan to the Kingdom of Thailand Marat Yessenbayev has visited the Republic of the Union of Myanmar, the press service of the Foreign Ministry informs. During the visit to the capital city of Myanmar Naypyidaw Marat Yessenbayev met with the Minister […]