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Grab, Myanma Insurance partner to provide insurance coverage

Grab has partnered with state-owned Myanma Insurance to launch a group Personal Accident Insurance (PAI) scheme which covers its drivers and passengers in the case of an accident during a GrabTaxi, GrabThoneBane or GrabBike ride. It is the first ride hailing company to procure a group PAI policy in Myanmar, covering four-wheel, three-wheel and two-wheel […]

New labour law paves way for worker safety standards

Myanmar’s parliament has enacted the Occupational Safety and Health (OSH) Law to promote safe and secure working environments for labourers and workers. The new law, signed by President U Win Myint on March 15, is expected to pave the way for the first legally-established health and safety standards in the country. It stipulated that OSH […]

Insurance industry progressing at slow pace, foreign competition needed: AMI

It has been five years since the government first allowed private insurance businesses to offer their services in Myanmar in 2013. But further liberalisation is needed and the authorities have been saying they are close to allowing foreign insurance providers to operate domestically. In August, U Zaw Naing, secretary of the Insurance Business Regulatory Board […]

Over 90,000 Motorbikes Imported Through Border Trade in April

Myanmar import­ed 95,000 mo­torbikes from China through the Muse border gate, earning the government $30 million in import duty for April, state media has reported. Well-known Chinese motorcycle brands in­cluding Kenbo, Canda, Toyomax and Dayaung are mainly exported to lo­cal markets in Mandalay and other central regions. Demand for bikes is high in rural areas […]

Capital Life pays out for accident

Capital Life Insurance has made its first insurance payment for loss of life following a death in a car crash. Daw Tin Shwe’s family has received K3 million (US$2900) after she died in a car crash at 115 Mile rest stop on March 13. The insurance firm transferred the payment to her son U Ye […]

Worker insurance on the agenda

Most construction workers are building up Yangon without any personal insurance, as insurers say they must do more to spread knowledge of their services. Construction is a notoriously risky industry to work in, but even long-time labourers say they usually have no protection in the case of accidents. “I’ve been working in construction for ages,” […]

Yangon buses to get feminine touch

Buses in Yangon are to have female conductors for the first time, to improve the quality and safety of service, officials said on June 10. “We believe women are more suitable as conductors because they are more patient with commuters,” said Myint Aung, a senior official at the Road Transport Administration Department. The transport authorities […]