The collaboration aims to increase protection and drive insurance penetration in Myanmar. This strategic partnership will enable life, health and general insurance solutions from AYA SOMPO Insurance and AIA Myanmar to be offered across AYA Bank’s extensive branch network throughout the country. U Myint Zaw, Managing Director of AYA Bank, said, “This partnership is an […]
AYA Bank, AYA SOMPO Insurance and AIA Myanmar launch Groundbreaking Strategic Bancassurance Partnership
December 1, 2020 by
Construction work resumes, under strict conditions
October 30, 2020 by
Many construction projects in the Yangon Region have resumed after being given the all clear from the government, but have been reminded to follow the Ministry of Health and Sports’ guidelines. Construction companies which do not abide by the ministry’s instructions will be shut down, according to an announcement by the Yangon Region Construction Inspection […]
Myanmar’s ThitsaWorks bags funding from BOD Tech Ventures to scale operations
October 22, 2020 by
ThitsaWorks, a digital solutions provider for microfinance institutions (MFI) in Myanmar, has bagged an undisclosed amount of minority investment from early-stage venture capital firm BOD Tech Ventures. The new funds will allow the company to further scale their operations as well as working with the country’s financial institutions to provide credit access to farmers who […]
Construction work to resume in Yangon with new rules
October 21, 2020 by
Construction work in Yangon, which has been halted since the third week of September, will be allowed to resume if it follows new rules, said the Yangon Region Construction Inspection Committee. “Construction projects in Yangon Region will have to report to the committee and after inspection, they will be allowed to resume if they are […]
Saudi Arabia blocks Myanmar fisheries products at its ports
October 21, 2020 by
Saudi Arabia has seized around 30 containers of Myanmar fisheries products at its ports, said U Ye Min, a member of the Myanmar Fisheries Products Processors & Exporters Association. He said the Saudi authorities would not permit the products to enter the country and the containers have been left at the ports. The fisheries in […]
Rice prices rise in Yangon as COVID-19 restrictions squeeze supply
October 7, 2020 by
The volume of rice available for trade has fallen substantially since March, when COVID-19 first broke out in Myanmar, said U Than Oo, secretary of the Bayint Naung Wholesale Center. “Rice produced for domestic consumption and exports have declined. Yangon has not been receiving the same amount of volumes for exports like before,” he said. […]
Chinese companies dominate Myanmar solar tender
September 23, 2020 by
When bids were opened in Myanmar’s 1.06 gigawatt solar power tender on 9 September, a few names were repeated over and over: Sungrow Power Supply Co Ltd and China Mechanical Engineering Corporation, State Power Investment Corporation, China Gezhouba Group and Xian Longi Clean Energy Co Ltd. In the end, all but one of the winning […]
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