Water Bus to launch on 7 October 2017

a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> AFTER a four-month delay, the new water taxi system is going to officially run on October 7, said Ko Tun Naing Lin, a spokesperson of Tint Tint Myanmar Company. The press conference for the water taxi was held in last May with hopes for the route to start in early June. But […]

Jovago Offers Myanmar Online Payment Method

Jovago.net, a hotel-booking website, has introduced two new online payment methods in partnership with 2C2P. “The new payment sys­tem will help our busi­ness move from manual payment to a digital vir­tual payment system to improve customer satis­faction and ease of trans­action. We are happy to provide better payment system in response to our valuable customers,” […]

Myanmar’s KBZ Bank to Ride Asean Growth Wave

KBZ, MYANMAR’S first bank to have expanded internationally with presence in Singapore, Thailand and Malaysia, is aiming high to grow further in tandem with the growth of Asean, said Nang Lang Kham, the bank’s deputy chief executive officer. She said in an interview that the growth of Asean has been quite fascinating thanks to the […]

No green light yet for Yangon’s water bus operations

The water bus system was to service the routes along the Hlaing River, the Nga Moe Yeik Creek and the river near Thanlyin Township, according Ko Tun Nai Lin of the Tint Tint Myanmar company which won the tender to operate the system. “At present, we already constructed the jetties. But we are waiting for […]

KBZ wins Best Bank in Myanmar from Finance Asia

In the ceremony for the best banks of 2017 from different Asian countries held by London based Finance Asia on 29 June, KBZ bank won the Country Awards for Achievement 2017: Best Bank in Myanmar, making it the second year in a row. Deputy General Manager of KBZ Bank Ltd. Daw Phyu Phyu Sein accepted […]

Sales of apartments booming thanks to instalment payments

Instalment housing under K30 million are experiencing strong sales within the real estate market, according to U Yan Aung, general manager of Asia Construction. “Within the market, sales of instalment housing in the lower price range, ranging from around K10 million, are booming. The majority of the people are purchasing normal apartment units with an […]

Mandalay, gateway to India, China: US firms

To pave the way for making this a reality, a high level business delegation led by the American Chamber of Commerce in Myanmar (AMCHAM Myanmar), visited Mandalay and met with government officials. Andrew Lee, a AMCHAM Myanmar Executive Committee member and Country Manager for GE said, “As the second largest city in Myanmar and with […]

Local Job Site JobNet Secures 7-Digit Investment on the Back of ‘Lightning’ Fast Growth

Local job website JobNet.com.mm has secured a 7-digit investment from an un­disclosed “global institu­tion fund” experienced in frontier markets, said the company’s CEO. The undisclosed in­vestment will be used to “ramp up” JobNet’s mar­keting and product de­velopment as online job applications experience a surge in popularity amid the country’s internet connectivity boom. “We are delighted […]

Min Residences to start construction in September

“We have created a joint venture to invest in Min Residences. “The complex will be located next to the second central business district of Yangon. It will be first tower in Myanmar with 60 fitness and recreational facilities such as sports rooms, a gym, a kids’ playground area and swimming pools,” he said at a […]

KBZ Bank ‘Open to Foreign Investors’

​​ RANGOON — KBZ Bank is willing to sell a stake in its operations to a foreign investor if the law permits, according to a report. Existing laws do not permit foreign investors to hold stakes in local banks in Burma, but changes are being considered this year to the Companies Act that could allow […]