Mandalay to allow Grade-A businesses to reopen

Mandalay will allow factories with Grade-A health and safety scores to reopen, said U Khin Maung Hla, chair of Industry Zone Management Committee. Many essential businesses such as food manufacturing, pharmacy, and purified water distribution have been given a Grade-A score by the Ministry of Health and Sports, and have been allowed to reopen. “A […]

Yangon officials start inspecting QR codes of cars, people allowed to travel

Officials have commenced inspecting drivers on the road for the appropriate documents required for travel between one township to another in Yangon, according to the Yangon City Development Committee (YCDC). “Only those with the right documentation and ID will be allowed to pass,” said U Aung Nyein Kyaw, chair of Thaketa township YCDC office. “Roadside […]

Memories Group says employees misappropriated US$500,000 from Myanmar unit

CATALIST-listed tourism player Memories Group has discovered a case of fraud at its wholly-owned Myanmar subsidiary, Asia Holidays Travels & Tours Company (AHTT), it said last Wednesday. A sum of about US$500,000 was misappropriated from AHTT’s accounts by three employees involved in its business and investigations are ongoing, it said. Memories Group said it came […]

Banks need to be more transparent on fraud

Banks should report fraud cases involving their staff in a more transparent manner in order for them to maintain the public’s confidence in their ability to keep money safe. Banking experts have advised that banks should take steps in announcing or reporting fraud cases in a more transparent manner so that the public can be […]

Australian coffee franchise plans Myanmar expansion

The local operator of Australian coffee franchise Gloria Jean’s has recently opened its first branch in Yangon and plans to open at least eight more outlets across the country. Seezar Soesan, which holds the sole rights to operate the Gloria Jean’s franchise in Myanmar, opened its first cafe in Myanmar Plaza in January. Its second […]