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Bank, business school collaborated to build KBZPay

KBZ Bank partnered with the London Business School (LBS) MBA Class of 2019 in the development of its mobile payment app, KBZPay, the bank revealed last month. KBZ Bank launched KBZPay in 2018 has part of its strategy to achieve full financial inclusion and extend its reach across Myanmar. Over the past year, KBZPay has […]

Myanmar to Upgrade Urban Infrastructure in State Capitals, Border Town

YANGON—The Myanmar government is planning to upgrade basic infrastructure and enhance urban management of three major cities in Mon and Karen states that lie along Japan’s planned East-West Economic Corridor for the Greater Mekong Subregion (GMS). Minister of Construction U Han Zaw said Monday that his ministry will take a leading role in developing the […]

Request for Bids,National Electrification Project (NEP), Funding: Italian Soft Loan ,Closing Date: 26th March,2020

Country: Myanmar Name of Project: National Electrification Project (NEP), Funding: Italian Soft Loan Contract Title: Supply, Installation and Maintenance of Solar PV Systems for Households and Public Facilities Credit No.: 5727-MM RFB Reference No.: S&I – NEP-IT1 (1 lot) 1. The Government of Myanmar has received financing from the Government of the Italian Republic toward […]

Green light given for Thai-backed industrial estate near Yangon

The Myanmar Investment Commission (MIC) has approved Thai developer Amata Group’s proposal to develop a smart industrial estate project in Yangon Region. Amata Group is a Thai-listed developer headquartered in Bangkok known for its work on industrial estates. A meeting of the Myanmar Investment Commission on October 21 approved the development and operation of the […]

Service is key to top spot in market: Samsung Myanmar

South Korea’s Samsung Electronics, the world’s leading manufacturer of smartphones and home appliances, has secured a firm foothold in Myanmar and is determined to become part of the country’s march to economic development. Calvert Yap, head of Consumer Electronics at Samsung Myanmar, talks about the company’s plans to expand in the country and to help […]

Mandalay city wins international award

The Mandalay City Development Committee (MCDC) has won an international award for its efforts to implement reforms improve its efficiency in delivering basic public services. The Singapore-based GovInsider, an advocacy group on good and innovative governance, chose the MCDC as this year’s recipient of its Rising Star Award for the governance reforms and innovations it […]

Land buyers in Myanmar’s Yangon have to pay infrastructure fees

Buyers of land sold by the Yangon regional government have to pay infrastructure fees, according to the Yangon City Development Committee (YCDC). Land sold by the regional government lacked electricity and water supplies, the agency said. The regional government has announced that about 530 plots owned by the government will be sold to the public […]

Myanmar seeks to establish Myanmar-India-China economic corridor

As part of efforts to make Myanmar the doorway to ASEAN door, the government will try to establish a Myanmar-India-China economic corridor, says Yangon Region Chief Minister U Phyo Min Thein. The potential for Myanmar to become a trade hub is good because of its location between two rapidly developing countries with large populations U […]

Taking a Quantum Leap to Revamp Myanmar’s Economy

YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]

Bridging the gap: Yangon’s boom falls short across river

On her scruffy, downtrodden bank of the river, teashop-owner Khin works just a few hundred metres across the muddy water from Yangon and dreams of the riches promised by a new bridge linking to Myanmar’s commercial heart. “The quicker, the better,” 58-year-old Khin Than Myint tells AFP of the construction of the US$168 million bridge, […]