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Parent of Myanmar’s Mediaload secures series A funding

Cambodia-based Groupin, an internet startup, has secured US$5 million in a series A funding round from Belt Road Capital Management (BRCM), a Mekong-focused private equity company, a released stated last Monday. Groupin claims that it is the largest funding round in history raised by a Cambodian tech startup. The firm is founded by four siblings, […]

Industry proposes reducing visa restrictions for western tourists

Discussions will be made with the relevant departments to reduce visa restrictions on western travelers, said U Yan Win, chair of Myanmar Tourism Federation. The move comes after the government last year approved visa exemptions for tourists from Japan, China and South Korea in a bid draw more Asian travelers to Myanmar. “Granting visa exemptions […]

Myanmar to introduce rating system for hotels

Myanmar is planning to start a rating system for local hotels, according to the Ministry of Hotels and Tourism. “The rating system will start in Yangon and be endorsed by the World Tourism Organisation. Rating hotels for their services is common in other countries,” said U Naing Win, a director at the ministry. Having a […]

Second Thai-Myanmar friendship bridge opens

Prime Minister Prayut Chan-o-cha and Myanmar State Counsellor Aung San Suu Kyi on Tuesday opened the second Thai-Myanmar bridge across the Moei River. The opening ceremony was held in the middle of the new bridge, which links Mae Sot district of Tak province and Myawaddy township in Myanmar. The completion of the new bridge showed […]

Myanmar Tourism Bank expands reach to support sector

Myanma Tourism Bank will open three branches in Yangon, Mandalay and Nay Pyi Taw within the next two months, U Zin Ko Ko, deputy head of the small and medium-sized enterprise (SME) department at Myanmar Tourism Bank told The Myanmar Times. Myanmar Tourism Bank is one of five sector-specific banks granted a banking license by […]

Invitation for Bids, the Republic of the Union of Myanmar, Ministry of Education (Deadline: 10 May 2019)

Date: 26 March 2019 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA 3473/EYE/NCB/Goods/CBMSC/Equip/01-01 Deadline for Submission of Bids: 10 May 2019   The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project (EYE) Project. Part […]

Govt draft roadmap to develop and support digital economy in Myanmar

Myanmar has released its official strategy for developing its digital economy over the next six years, according to the Ministry of Planning and Finance. Published February 26, the Myanmar Digital Economy Roadmap was drafted with a mission of enabling digital transformation, governance, trade and innovation to develop a digital economy and encourage inclusive and sustainable […]

Burmese trucking logistics company Kargo receives over US$130K from Yoma Bank

Burmese online truck shipment service Kargo has announced that it has inked an SME financing agreement with Yoma Bank, Myanmar’s commercial bank. The partnership will see Kargo receive an initial loan of approximately US$130,000. Through the bank’s Unsecured SME Financing, Kargo plans to facilitate same-day payments to its truck drivers, boost its ability to grow […]

Company vows to supply solar power to 500 villages

Mandalay Yoma Solar Energy, which operates solar mini-grids to power rural regions, will generate solar power in 500 villages within three to five years, the company said. “First, we will supply electricity to 50 villages, and we estimate that up to 500 villages will be electrified within three to five years,” said Nathalie Riseau, the […]

Myanmar Trade Show, Exhibition & Conference Calender for the month of April & May 2019

Name, Venue & Organizer Date Myanmar LPG Summit Location: LOTTEE Hotels & Serviced Apartments, Yangon, Myanmar. April 3, 2019 to April 4, 2019 Myanmar International Food & Drink Festival Location: Fortune Plaza Information Centre and Sale Gallery, Yangon, Myanmar. May 1, 2019 to May 4, 2019 Myanmar Coffee Teas & Sweets Fesvital Location: Myanmar Convention […]