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Invitation to Open Tender for Medical and Laboratory Equipment, Closing Date 7.2.2019

Sealed bids are invited by Department of Medical Services, Ministry of Health and Sports for the supply of Medical and Laboratory Equipment by the loan of Asian Development Bank (ADB) in the (2018-2019) Fiscal Year. Tender documents are available during office hours at the Procurement and Supplying Division, Department of Medical Services office No. (4), […]

AGD launches 3 types of visa credit card

AGD Bank successfully held its AGD Visa Credit Card Launch at Pullman Yangon Centrepoint on August and three types of AGD Visa Credit Card – Visa Classic Card, Visa Gold Card and Visa Platinum Card – have been introduced to the public. Being recognised as a leading bank using digital technologies in Myanmar, AGD Bank […]

Jovago Offers Myanmar Online Payment Method

Jovago.net, a hotel-booking website, has introduced two new online payment methods in partnership with 2C2P. “The new payment sys­tem will help our busi­ness move from manual payment to a digital vir­tual payment system to improve customer satis­faction and ease of trans­action. We are happy to provide better payment system in response to our valuable customers,” […]

Black Friday : e-commerce sales taking off in Myanmar

Shop.com.mm, Myanmar’s largest e-commerce platform, are providing access to substantial discounts and unmatched variety for their Black Friday Sale, November 25th-27th. Black Friday Sales traditionally take place on the Friday after Thanksgiving (late November) in North America and have come to be one of the largest shopping days of the year. It was not uncommon […]

E-Commerce Giant Vying for Slice of Migrant Money Transfer Market

Thai e-commerce giant Ascend, which owns the TrueMoney brand, is launching a new money transfer service for Myanmar workers in Thailand that it hopes will be able to compete with a sprawling network of informal lenders who have been used to send remittances from Thailand for decades. TrueMoney Transfer launched earlier this month and by […]

AGD Bank prepares IPO as profits drop

Asia Green Development Bank is preparing to launch an initial public offering, or IPO, on the soon-to-open Yangon Stock Exchange (YSX), though profits are down substantially on last year. The bank’s net profit was K112.6 million for the 2014-15 fiscal year, far lower than K9.6 billion the previous year, officials said at the fifth annual […]

Myanmar’s Tay Za ‘Rethinking’ Bank Sale to Ne Win’s Family

YANGON — Burmese tycoon Tay Za has said he is “reconsidering” an offer from the family of late dictator Gen. Ne Win to buy a majority stake in Asia Green Development (AGD) Bank. Last month a small share in the bank was transferred to one of Ne Win’s grandsons, with another grandson claiming that the […]

Govt, parliament have responsibilities to investigate AGD bank’s share transfer

To investigate whether the share transfer of Asia Green Development Bank (AGD) involves white money is dependent mainly on the government and the parliament. People have urged the executive pillars to inspect this case in line with the Anti-Money Laundering Law transparently. Such critics have risen following the in-person interview between Kyaw Ne Win – […]

Change in owners as U Tay Za said to exit AGD Bank

Several prominent businesspeople have bought or sold stakes in Asia Green Development (AGD) Bank, as it prepares for listing on the planned Yangon Stock Exchange in 2015. Up to 60 percent of the bank could have changed hands, with prominent entrepreneur U Tay Za and his Htoo Group of Companies severing direct ownership ties with […]