Australia’s Frontier Digital Ventures to Invest Millions into iMyanmarHouse.com

Australia based Frontier Digital Ventures (FDV), is a a that was founded in May 2014 and headquartered in Kuala Lumpur, Malaysia. It focuses on becoming the world leader in online classifieds businesses in frontier markets. They are experts in the online classifieds space with a particular focus on property and automotive verticals and general classifieds […]

Inflation rate hits 4.29 pc in May

The average inflation rate in late May stood at 4.29 per cent, a slight increase compared with 4.12 per cent in late April, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation. In late May, Mandalay topped the list of inflation with 8.51 per cent, followed by Rakhine with […]

Vietnam’s Viettel announces business strategy for Myanmar operations

Vietnam’s Viettel Group unveiled on Monday the business strategy for Mytel, its Myanmar-based telecom company, which will begin operations this Saturday, June 9. Mytel will focus on the data segment and new digital services, with D-A-T-A being its motto. “[This] stands for D-igital & new services, A-dvanced technology, T-rustworthy, A-ffordable & various services,” the company […]

Request for expressions of interest (consulting services – firms selection), Closing Date: 1 June 2018.

MYANMAR South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 1 Review of governance and legal structure of Southeast Asia Disaster Risk Insurance Facility (SEADRIF). Reference No. C1 CS2 The Government of the Republic of the Union of Myanmar has applied for financing from the World Bank toward the cost of […]

The company lighting up rural Myanmar with affordable solar technology

Since launching its pilot programme in 2016, SolarHome has helped Myanmar find alternative energy options by providing unprecedented electricity access to underserved households. Ted Martynov, the company’s CEO, broke down SolarHome’s business and the energy situation in the country Tell us about SolarHome… SolarHome is one of the first distributors in pay-as-you-go solar for off-grid […]

Vietnam, Myanmar look towards 1 bln USD in two-way trade

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc and State Counselor of Myanmar Aung San Suu Kyi agreed to further deepen bilateral trade and investment on win-win basis towards achieving 1 billion USD or higher in two-way trade during their talks in Hanoi on April 19. The talks took place right after the welcome ceremony […]

Vietnamese Investors Prosper in Laos, Cambodia, Myanmar

Vietnam’s OFDI has been increasing in recent years with 930 projects licensed, mostly in the fields of industry, agriculture, telecommunication and finance & banking. Forty percent are developed in Laos, Cambodia and Myanmar. Laos is in No 1 among the countries and territories where Vietnam has OFDI. According to FIA (Foreign Investment Agency), by the […]

KBZ is The Biggest Tax Payer for Six Years Running

KBZ is the largest lender in the local market, and has paid income taxes up to K28 billion in the Fiscal Year 2017 making itself the biggest tax payer in the country for six years running, according to Internal Revenue Department under the Ministry of Planning and Finance. Internal Revenue Department announced lists of the […]

Myanmar Takes Small Steps Towards Providing Greater Liquidity for SMEs

A rising number of start-ups as well as small and medium enterprises (SMEs) are emerging in Myanmar as business opportunities rise. However, many companies fail to achieve their full potential and contribute substantially to the economy because capital assistance is lacking in the country. In Myanmar, banks require collateral in the form of property before […]

A Third of Myanmar’s Population Living in Poverty

NAYPYITAW — About 32 percent of Myanmar’s 50 million population, or 15.8 million people, are living in poverty, according to an assessment of the 2015 Myanmar Poverty and Living Conditions Survey. The new report, compiled jointly by the Ministry of Planning and Finance and the World Bank, is the second of the two-part Myanmar Poverty Assessment and […]