IFC helps expand Myanmar’s retail business

Yangon – IFC, a member of the World Bank Group, on Monday signed an agreement to lend US$25 million to Myanmar’s largest retail group, City Mart Holding Company Limited (CMHL), to support its expansion plans, boost the country’s retail sector, and create much-needed jobs along the supply chain. IFC’s funding will help CMHL construct about […]

Myanmar Citymart Supermarket chain takes Visa

Shopping is about to become simpler for travellers in Myanmar. City Mart, the country’s largest supermarket chain, has teamed up with Visa and KBZ Bank to roll out card acceptance at selected branches, a first for a supermarket chain in Myanmar. Customers can now pay with their Visa debit and credit cards at City Mart […]

Retail sector needs better loans to modernise, say industry sources

Retail shops and supermarkets are growing in popularity, but owners of traditional shops need capital to modernise, retailers said last week. “We can say that modern retail shops are becoming more common in Myanmar, even though they are still not that many in number,” said Daw Wai Thit Lwin, managing director of abc Convenience Stores, […]