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Ruili Airlines starts direct flight between Yangon and Yunnan’s Dehong

Chinese service carrier Ruili Airlines has started its second direct flight, this time connecting Yangon and Dehong, Yunnan Province, on Sunday. Ruili Airlines will be flying four times weekly on Mondays, Wednesdays, Fridays, and Sundays from Yangon International Airport (YIA) to Dehong, the airport said in a statement. The airline will be flying a Boeing […]

Health Foundation Chief Looks to Ban Smoking in Yangon

Yangon – The People’s Health Foundation is implementing a four-year plan to designate Yangon as a smoke-free city, according to foundation chairman Dr Than Sein. Speaking at the launch of a campaign to raise public awareness about the dangers of passive smoking on Tuesday, Dr. Than Sein said the campaign aimed to prevent non-smokers from […]

KBZPay to expand cashless service offering

KBZPay is expecting its users to rise by 42 percent to 5 million by the end of the year and for that number to expand sixfold to 30 million by 2028 with options to go cashless in various areas of the economy to come onstream, said U Soe Ko Ko, head of agent banking at […]

Japan’s Taiyo Life goes big on hiring in Myanmar’s tiny insurance market

YANGON — Japan’s Taiyo Life Insurance says it aims to have thousands of salespeople knocking on the doors of potential customers in Myanmar once it gets full approval in a country where the concept of insurance is new to most people. The midsize insurer seeks to increase its sales force in Myanmar to 5,000 from […]

Hayman Microfinance receives US$ 2.75 Million Debt Capital from BlueOrchard

30th September 2019, Yangon. Hayman Capital Co., Ltd has signed a US$2.75 million term loan with –the Microfinance Initiative for Asia (MIFA) Debt Fund and the EMF Microfinance Fund, both managed by leading impact investment manager BlueOrchard Finance Ltd. The received fund of US$2.75 Million, equivalent of MMK4.1 Billion, is to be disbursed to support […]

Myanmar’s draft oil and gas bill jeopardises next bidding round

Uncertainty and confusion over Myanmar’s proposed oil and gas law risk alienating existing investors and could undermine the next crucial bidding round, according to companies and experts in the sector. Time is running out for the Ministry of Electricity and Energy to launch the round by the end of the year, having initially planned to […]

Yangon’s ‘new city’ to begin land compensation process

The Yangon regional government has started providing substitute land to original landowners as compensation for land acquired for the New Yangon City Project on October 8. According to the previous agreement, landowners will retain 80 percent of the original land located within the project area with the remaining 20pc being compensated in Kyeemyindaing township. Phase […]

Titans of Thai Fishing Collaborate to Tackle Slavery

SAMUT SAKHON, Thailand—Daw Zin Mar was a housewife in Bago Region when she saw an advertisement for a job at Thai Union Group, a global seafood supplier and the world’s biggest producer of tuna. The 44-year-old paid a local recruitment agency about 4,300 Thai baht (212,750 kyats, or US$140)—less than half the sum that most […]

Experts say 70% of nation’s coral reefs are damaged

Local and foreign experts have warned that the country’s coral reef cover has declined by 70 percent, but the actual figure is difficult to ascertain because of a lack of data. During a recent meeting to come up with a national action plan to protect sharks and manta rays, experts admitted that coral reefs in […]

Singapore-listed Yoma in tie-up with Ayala unit for renewable energy projects in Myanmar

SINGAPORE – Myanmar-focused Yoma Strategic Holdings said on Monday it will form a strategic partnership with AC Energy, the energy platform of Philippine conglomerate Ayala Corporation. The two companies are looking to establish a 50:50 joint venture (JV) to scale up Yoma Micro Power (S) Pte Ltd (YMP) and to explore developing around 200 megawatts […]