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KBZ Bank launches digital wallet KBZPay

KBZ Bank, Myanmar’s largest privately-owned bank, has launched a digital wallet called KBZPay. The mobile phone app will allow users to make cashless transactions, store, send or receive money, and withdraw cash through authorised agents. The digital wallet is now available for download across the country. The bank is conducting on-ground activations in Yangon and […]

KBZ Wins Financial Times Honor for Sixth Year Running

Myanmar’s largest private bank, Kanbawza (KBZ), was named Myanmar Bank of the Year for 2018 by The Banker, a service of the Financial Times, for its leading role in the country’s financial sector by using new digital technologies. It is the sixth consecutive year the bank has landed the honor, making it the only financial […]

A brewing brouhaha over buses in Yangon?

The Yangon Regional Government has offered the Myanmar Licensed Contractors Association (MLCA) the right to buy 200 school buses and operate a business transporting schoolchildren, U Kyaw Win, chair of the association, said on October 7. If accepted, the move will involve establishing a separate entity to run the operation under a public-private-partnership (PPP). It […]

Fate of Yangon Water Bus depends on public

The success of Yangon Water Bus solely rests on whether the public uses it, said U Maung Aung, secretary of the Yangon Region Transport Authority Group (YRTA). The first phase of the implementation of Yangon Water Bus started on October 7. It is operated by Tint Tint Myanmar Company following a three-month delay due to […]

Collier Property Report – Yangon Office Q1 2018

Rate Corrections Continue Despite Lack of New Supply Headline lease rates corrected further downwards during Q1 2018 despite the lack of new supply. Occupancy rates, however, improved, particularly in developments which underwent significant price reductions previously. As more international standard office buildings become available Colliers expects rental rates to continue to correct albeit at more […]

MADB to help fuel growth across entire agriculture supply chain

Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]

Waiting for change at Myanmar’s central bank

Myanmar’s central bank governor Kyaw Kyaw Maung has long been seen as an impediment to reform. But come July, he will be out and a new chief will be in, heralding, it is to be hoped, a new era of change Being a bank in Myanmar isn’t easy, with lenders of all sizes facing insuperable […]

Kargo: Technology Solving the Highway to Logistics Hell

By Ben Roache Coordinating the logistics of trucking goods around Myanmar should be a nightmare. And for foreign firms, or even new companies, it is. Unsurprisingly, this industry is highly inefficient, outdated, and unorganised, plagued with many of the same issues that face other industries in the country, such difficulties in credit and finance, communications, […]

Armed robbery at KBZ bank in Myeik

Myeik – An armed, helmeted man robbed a KBZ mini bank in Myeik on Tuesday afternoon, threatening employees and then escaping with about K27 million. “We are still investigating the case. He came into the bank alone and stole money by threatening employees with a gun. We are trying to arrest him. We have CCTV […]

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 […]