Foreign and domestic investments rise during govt’s first fiscal year

In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]

Myanmar to Upgrade Domestic Dairy Products

YANGON, Aug. 11 (Xinhua) — Myanmar is striving to promote domestic dairy industry by raising the standard of its products, official media reported Friday. At present, the country’s Livestock Breeding and Veterinary department is exerting efforts to establish standards for milk products to place them in the market after obtaining approval from Food and Drug […]

Digicel’s Burmese days in doubt

Denis O’Brien: there is speculation that Digicel may be preparing to sell the vestiges of its business in the emerging economy of Myanmar, or Burma if you have an old-school colonial bent. Photograph: Dara Mac Dónaill / The Irish Times. It may seem to regular readers that we are obsessed by Denis O’Brien’s Caribbean telco […]

AYA Bank, Myanmar Moves to the omnichannel Path With CR2’s BankWorld

DUBLIN, Ireland and YANGON, Myanmar, April 13, 2015 /PRNewswire/ — CR2 are pleased to announce that Ayeyarwady Bank (AYA Bank) has selected BankWorld, CR2’s self-service integrated platform to manage their entire distribution network of ATMs, online banking and POS channels. With a banking penetration level of 5%, Myanmar is currently experiencing an accelerated economic transformation […]

Visa on Arrival (VOA)

The Visa on Arrival (VOA) scheme has been in existence since June 2012. There were some initial hiccups in the system but all the kinks have been ironed out and the system is working smoothly now. The VOA scheme is targetted at business travellers. You should be able to get your business visa within 5 […]