There are more than 7,000 users of Resdi in Yangon, a new app which offers discounts for restaurant customers, said Ko Zay Ye Htut, CEO and co-founder of Resdi. Resdi is a contraction of the words “restaurant discount”. It aims to lure customers during periods of low sales with attractive discounts. The young entrepreneurs Ko […]
Korean Air Suspends Direct Flights Between Seoul, Yangon Due to Coronavirus
March 11, 2020 by
YANGON—Korean Air, a major South Korean airline, has suspended direct flights from Seoul to Yangon, Myanmar’s commercial hub, amid the rapid spread of coronavirus (COVID-19) in South Korea. On Wednesday, Korean Air announced that it would be suspending direct flights to Yangon from Incheon International Airport near Seoul from March 5 to April 25 due […]
Firms invited to bid for upgrade of Yangon-Mandalay expressway
March 11, 2020 by
The Ministry of Construction will invite Expressions of Interest from the private sector for the upgrading of the Yangon–Mandalay Expressway, U Han Zaw, Minister of Construction said. The project is one of the 58 national development projects listed in the Myanmar Project Bank. The project involves upgrading the 524 -km expressway, currently the most important […]
US Man Charged in Cannabis Case Fled Myanmar for US on New Passport
March 11, 2020 by
MANDALAY—A missing US citizen who was charged by a court in Myanmar with growing cannabis fled the country on a new passport and is now back in the United States, a source who personally knows him has confirmed to The Irrawaddy. John Fredric Todoroki, 63, was arrested by Mandalay police in April 2019 along with […]
Corn wholesale centres to be set up near Thai border
March 11, 2020 by
Corn traders will be collaborating to set up collection centres in Myawaddy, Kayin State, near the Thai border to facilitate exports of the crop, say industry officials. The collection centres, expected to be up and running within the next few months, are expected to help boost sales of corn to Thailand, said U Min Khine, […]
Bank, business school collaborated to build KBZPay
March 11, 2020 by
KBZ Bank partnered with the London Business School (LBS) MBA Class of 2019 in the development of its mobile payment app, KBZPay, the bank revealed last month. KBZ Bank launched KBZPay in 2018 has part of its strategy to achieve full financial inclusion and extend its reach across Myanmar. Over the past year, KBZPay has […]
Myanmar Garment Factory Closes As COVID-19 Cuts Supplies
March 11, 2020 by
PATHEIN, Ayeyarwady Region—The coronavirus outbreak in China has forced a garment factory in Ayeyarwady Region to close suddenly, leaving all its workers jobless. A few months ago, the factory was busy and the employees complained about forced overtime on weekends and public holidays. Nearly 1,000 employees at Hua Meng Garment Factory in Kangyidaunt Township were […]
Myanmar govt faces setbacks in enforcing compliance with EITI database
March 6, 2020 by
The government says it lacks the mechanisms to force companies to disclose ownership information through a public registry, which are part of recent measures to clean up corruption in the extractive industry. Myanmar’s Extractive Industries Transparency Initiative (EITI) unit, a government body under the finance ministry, held a press conference on February 28 to address […]
;
To see more of our client click