Yoma to tap digital banking for nationwide expansion

YOMA BANK, one of the largest private banks in Myanmar, plans to focus on providing digital products to millions of people in Myanmar , according to Hal Bosher, the bank’s chief executive officer. Bosher said in an exclusive interview that digital products would allow the bank to serve the country better, making banking accessible and […]

Myanmar accepts loan from Italy as foreign debt rises

Pyidaungsu Hluttaw has approved a €30 million interest-free loan from Italy which will be used to provide electricity to villages in Chin State and other rural areas in Myanmar. Under its agreement with Italy, Myanmar will begin repaying the loan over a period of 10 years starting 2036. The repayment amount will be €3 million […]

Myanmar Avocados Aim to Enter China for Next Season

The avocado was introduced into Myanmar over 70 years ago and has become a major fruit in the country. The hot tropical climate and rich soil of Myanmar make it an ideal place for avocado cultivation. As avocados continue to increase in popularity throughout China, more and more Chinese avocado dealers are turning their gaze […]

Are municipalities Myanmar’s champions of reform?

2017 was a difficult year for Myanmar. The rocky peace process and crisis in Rakhine have complicated the government’s effort to put together a reform agenda following five decades of authoritarian rule. In such a challenging context, it is easy for bureaucratic inertia to set in and for people within government to become more risk […]

India starts construction of ₹1,600-cr Mizoram-Myanmar Kaladan road

After years of delay, India finally kicked off the construction of the 109-km road project that connects Paletwa river terminal to Zorinpui on the Mizoram border in Myanmar, as part of the $484-million Kaladan Multimodal project. But completing it by2019 will be a herculean task. The ₹1,600-crore road project that passes through dense forests and […]

Department of Highways (DOH): EOI for Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 30 April 2018.

IDA Credit 5889-MM Assignment Reference Number: C1-MOC-CSO2 Assignment Title: Environmental and Social Impact Assessment (ESIA) and Resettlement Action Plan(RAP) for the Kalay- Hahka Road Rehabilitation in Chin State The Republic of the Union of Myanmar has received financing from the World Bank towards the cost of the Flooding and Landslide Emergency Recovery Project (FLERP). The […]

Nationwide expansion to drive Wave Money’s growth

Though 80 per cent of the population remains unserved by Myanmar’s banking system, Wave Money aims to enjoy much higher growth over the next few years thanks to its continuous expansion of distribution network, said the firm’s top executive. Brad Jones, chief executive officer of Wave Money, said in an exclusive interview the firm has […]

Chin to Build Infrastructure Links for Investment

CHIN State, with a population of 478,801 as of 2014, is the least developed region in Myanmar and the second least populated. Basic infrastructure is still largely absent, and this has been a major hurdle for the Chin economy. Now, the regional government wants to attract investors by improving Chin’s road and maritime connectivity with […]

Telenor’s Valyou receives UNCDF support for financial inclusion in Myanmar

Valyou, a service from Telenor Group, will provide low-cost international remittance services to Myanmar in its effort to promote greater financial inclusion in Southeast Asia. Through Valyou’s international remittance platform, Myanmar nationals in Thailand and Malaysia will soon be able to send money directly to their family and friends back home. Valyou’s international remittance service […]

DCA deploys budget, invites tenders to jazz up airports, aviation

High costs and a lack of travelers passing through some of Myanmar’s airports has resulted in at least four of the country’s ten airlines bypassing those locations altogether. Consequently, as many as eight airports have ceased operations in recent years, accounting for a quarter of Myanmar’s 32 domestic airports. Five out of the eight shuttered […]