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GrabPay Mobile Wallet Will Likely Hit Myanmar in 2019

After Grab’s launch into Myanmar in 2017, the ride-hailing giant intends to follow-up with the expansion of their e-wallet GrabPay, in the ride-hailing giant’s ongoing Southeast Asia takeover strategy. GrabPay is considering Myanmar alongside Cambodia for expansion of its mobile payments service, along with a potential expansion of its range of business throughout ASEAN countries, […]

Is Myanmar Ready to Become a Regional Trade and Supply Hub?

Japanese Prime Minister Shinzo Abe recently pledged to promote more than 150 quality infrastructure projects in five nations in the Mekong River subregion—Myanmar, Thailand, Vietnam, Cambodia and Laos—under a new blueprint, the Tokyo Strategy 2018 for Mekong-Japan Cooperation, which will be effective from 2019 to 2021. Japan and China are competing for influence in Southeast […]

GrabPay sets sights on Cambodia and Myanmar

Southeast Asia’s largest ride-hailing group plans to take its mobile payments service into Cambodia and Myanmar as it expands its range of businesses throughout ASEAN countries, according to a senior executive. Reuben Lai, senior managing director of the Singapore-based company’s financial arm, identified the two countries as next on the list. Grab’s ride-hailing app is […]

What to expect from Myanmar’s top five export sectors

Even though Myanmar managed to bring down its trade deficit by US$500 million to $1.3 billion during the period between April 1 and September 30 from the same period last year, the volatile exchange rate and rising oil prices may well continue to drive up import costs in the coming months. U Yan Naing Tun, […]

The EU’s Tariff Threats Against Asia’s Autocrats Risk Backfiring

The European Union is threatening to slap tariffs on Asian leaders who abuse their power, a move that risks upending several key garment-producing nations in the region. Last month, the EU told Cambodia it would start the process of withdrawing tariff-free access for most goods under the “Everything But Arms” initiative, saying its July election […]

Myanmar’s English proficiency ranked bottom 10% worldwide

Myanmar is ranked 82 out of 88 countries in English proficiency ranking for non-native speakers, according to a survey by the EF English Proficiency Index (EF EPI). It is the first time the country appeared on the annual index, which has been published for the eighth consecutive year. Six ASEAN member states were ranked higher […]

New Yangon City CEO Urges Gov’t to Act Quickly to Secure Chinese Investment

The CEO of the New Yangon City project said he believed the controversial project on the western bank of the Yangon River will be “a success” if Myanmar is able to take advantage of trade tensions between the U.S. and China and lure more foreign investors. “I believe we will succeed; now is the right […]

IFC, UMFCCI work to improve food safety in Myanmar

IFC, a member of the World Bank Group, signed an agreement with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to help food sector companies address and improve food safety practices. Another goal is to develop the country’s agribusiness sector to increase exports, draw investments, and generate jobs. According to IFC, […]

Mytel: Standardized Local Calling Rates to Vietnam, Laos, and Cambodia

Fulfilling its commitment to make a positive impact on customer satisfaction, Mytel has worked on special rate for roaming with leading telecommunication companies in Vietnam (Viettel), Laos (Unitel) and Cambodia (Metfone). Mytel roaming charges the same for local Vietnam-Laos-Cambodia calls and roaming calls to and from Myanmar. This will allow Mytel to charge the same […]

State Counselor’s Tourism Plan Promising but Hard to Implement

While giving State Counselor Daw Aung San Suu Kyi high marks for her strategies to reform the tourism sector, tour operators point out that conditions on the ground make her suggestions hard to implement. Speaking at a National Tourism Industry Development Central Committee meeting in Naypyitaw on Friday, Daw Aung San Suu Kyi put forward […]