Myanmar’s First Private Bank to modernise banking operations with Misys

First Private Bank (FPB) has chosen Misys FusionBanking to streamline operations and digitalise as it takes a significant role in contributing to Myanmar’s growing economy. The bank, which received the first banking licence in Myanmar in 1992, aims to facilitate access to financial services for all and will transform its retail, corporate and digital offering […]

The land of the $20 smartphone

“This one $40, this one $30 … that one $20!” The owner of the street stall, a man of about 30 years wearing a traditional longyi tied around his waist, is gesturing at a phone that looks, to my eyes, like a mid-range Android phone. It bears the brand Singtech, a brand among myriad others […]

Thai Cement Giant SCG Sees 2016 Profits Up Ahead of Myanmar Plant’s Imminent Opening

​​ Thai cement compa­ny SCG has posted a 24 percent year-on-year profit increase for the 2016 financial year driven by the perfor­mance of the company’s chemical business. SCG, which also produc­es packaging and indus­trial chemicals, posted a $1.6 billion profit for 2016 but saw a drop in revenue for the final quarter of the year, […]

CB Bank Signs Deal for 500 New ATMs

​​ CB Bank signed a deal with Diebold Nixdorf, a company that provides ATMs, security and software for e-commerce, for the roll out of 500 new CB Bank ATMs across the nation. That new deal doubles the number of CB Bank’s ATMs, from 500 to 1000, and significantly increases their share of total ATMs throughout the […]

Liberalisation of Telecom Sector Contributed to Myanmar’s Economic Growth

​​ An expert symposium held on 12 January in Myanmar’s capital, attributed the liberalisation of the Telecommunications industry in Myanmar for the many positive contributions to the growth of country’s economy. With more than USD 2.8 billion investment in just two years from countries including Japan, Norway and Qatar, the telecommunications sector is one of […]

Yangon Region Cabinet sues CEO Dr Than Tun Aung and Eleven Media Group for Libel

Dr Than Tun Aung, the CEO of Daily Eleven and Eleven Media Group, has been sued under the telecommunications law by the Yangon Region cabinet for libel, according to U Phyo Min Thein, chief minister of the cabinet. The article that prompted the legal action was titled, “One year after the election,” published in the […]

Interview with Anirban Chakraborti CEO of Hello Cabs

Name : Anirban Chakraborti Position : CEO of Hello Cabs Anirban Chakraborti is currently the Chief Executive Officer (CEO) of Hello Cabs taxi services in Myanmar. With over 12 years of experience in technology, infrastructure, and service industries spanning US, Europe and Asia, Chakraborti has also been an entrepreneur in data analytics. He was previously […]

New Investment Law Hailed as ‘Essential’ to Development

Business leaders have welcomed the approval of a new investment law that they hope will cut red tape and bring an end to concerns that foreign and local businesses are being treated differently. The Upper House approved the Myanmar Investment Law without amendments last week, and the legislation is due to come into effect in […]

Flexenclosure secures order for its eSite hybrid power solution from Myanmar

Flexenclosure has received another order for its green eSite hybrid power solution to be deployed in Myanmar, this time from local fibre infrastructure providerGolden 11. Flexenclosure is a designer and manufacturer of prefabricated data centre buildings and intelligent power management systems for the ICT industry. Its eSite solution has already been installed at more than 1,200 sites across […]

Myanmar-Korea textile zone to create 60,000 jobs

A five-hundred acre textile factory zone, which will reportedly create 60,000 employment opportunities for Myanmar workers, is reportedly to come to fruition through the concerted efforts of Myanmar and Korean business groups. The Myanmar Olympus Asia Developer Group and the Korean PANKO Corporation will be responsible for implementing the project which will see the production […]