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Myanmar fintech secures additional capital for its Series A round

Yangon-based financing platform aimed at working class customers has added an undisclosed amount capital to its ongoing Series A funding round, according to DealStreetAsia. Daung Capital lets users apply for a credit to purchase products like motorcycles or electronics through its rent-to-own model. Its main market, it said, is the working class users. For salaried […]

Linking small merchants with buyers in Myanmar

SPURRED on by increased data consumption in line with rising sales of smartphones in Myanmar, e-commerce operator Barlolo.com is planning nationwide expansion, its top executives say. Min Min, chief operating officer of 3KO Ventures Co, which operates Barlolo.com, said in an exclusive interview that more than 50,000 people typically visit the website each month to […]

The wily ways of a Myanmar-China border town

One of many towns of the Myanmar-China border, Bhamo, Myanmar has long been a hub for illegal trade with China, including illegally logged charcoal currently sold. Most of the charcoal is bound overland for brisk business with China, yet Bhamo still finds itself without enough money coming in. Bhamo has a long history of diversifying […]

Henkel Thailand expands footprint in consumer sectors

Building on 45 years of success in Thailand, Henkel continues to expand its presence in the adhesives and hair businesses and is aiming for greater growth, especially in the consumer sectors. Thailand has a large consumer market and a growing middle class, which are fueling the growth of various markets, such as automotive, beauty, electronics, […]

Yangon Airport calls of EOI for key commercial concessions

Subscribe to our tender alert mailing list Yangon Aerodrome Company Limited (YACL) is seeking Expressions of Interest in these following categories: Travel Retail, Fashion & Accessories (including Luxury brands) Food & Beverages (cafes, restaurants, bars, food courts, etc) Electronics Books, Magazines and Stationary Watches Toys Spa Advertising Hospitality Services – Operation & Management of CIP […]

Panasonic’s First Integrated Showroom Opens

Panasonic launched the first integrated showroom and service center last week to showcase its lineup of business-to-consumer (B2C) and business-to-business (B2B) offerings available for Myanmar. B2B solutions including the latest technology designed for the retail, security, hotel, office, eco and solar sectors will be exhibited alongside B2C solutions like home and kitchen appliances, beauty products, […]

Illegal imports of fertiliser, electronics seized en route from China

More than 1,000 bags of fertiliser and thousands of handsets, TVs, DVDs and other electronics that entered Myanmar illegally from China were seized by a mobile investigation team on January 24. The illegal goods were found in a convoy of 17 trucks coming from China along the Mandalay route. A mobile team seized the illegal […]

Singapore-Myanmar training institute aims to boost youth employability

YANGON: Young people in Myanmar can soon turn to a new training institute in Yangon to learn skills that will make them more employable. The Singapore-Myanmar Vocational Training Institute will open its doors in the first quarter of next year. It is the first time Myanmar has set up such a facility with a foreign […]

Foreign suppliers eye Myanmar auto parts market

Foreign automotive parts suppliers are seeking to enter Myanmar to cater to the growing need for spare parts, a Union of Myanmar Federation of Chambers of Commerce and Industry official said last week. U Myo Thant, a member of the federation’s central executive committee, said demand for auto parts is accelerating and that foreign suppliers […]