KBZ Bank joins Myanmar’s interbank transfer system

KBZ Bank account holders will be able to transfer money to other banks in Myanmar after the bank launched its digital interbank transfer system on December 15. “Digital money transfer can now be done easily and safely between local banks,” said KBZ deputy managing director Mr Robin Chua. Users can transfer a maximum of K […]

Low-cost housing units set to hit market

The Department of Urban Housing Development (DUHD) under the Ministry of Construction will offer 388 low-cost apartments in the month of December. Around 4710 people with savings of over K3 million as of September will have the chance to apply for the Official Direct Assistance (ODA) loans. Applicants need to have a savings account at […]

Yangon Amends Municipal Law, Creates Vice Mayor Position

YANGON — The Yangon regional Parliament has approved amendments to the municipal law that will see a vice mayor elected in a secret ballot. The Yangon City Development Committee (YCDC)’s executive board initially consisted of nine members: the mayor, four appointed members and four elected individuals, but it was later expanded to add two elected […]