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YCDC taxes can be paid by mobile phone from 1 Oct

YANGONITES will be able to pay Yangon City Development Committee’s (YCDC) taxes by mobile phone from 1 October. The mobile payment system for taxes was launched at a ceremony held on 12 September at the Yangon City Hall. The mobile payment system was introduced with the aim of facilitating the payment of YCDC taxes. It […]

KBZ Group, PTT partner to develop oil terminal

The Kanbawza Group (KBZ) and Thai state-owned PTT Public Company (PTT) will enter into a joint-venture agreement through their subsidiaries for oil-terminal development and retail business expansion, the companies’ said in a press release. KBZ’s Brighter Energy Co and Brighter Energy Retail Co will partner with PTT’s subsidiary PTT Oil and Retail Business Public Co […]

KBZ’s new ATR 72-600 planes arrive in Yangon

Two out of four new ATR 72-600 series planes from Air KBZ arrived in Yangon International Airport on May 6, sources said. The Air KBZ, which possessed 20 per cent in domestic aviation market, is planning to expand its fleet. The other two new planes will be arrived on June. The airlines is flying domestic […]

US$96 million for first phase upgrades of three airports

A raft of agreements between the government and private firms are expected to be signed this month for the upgrading of three regional airports to international standards. The three airports concerned – Heho airport in Shan State, Mawlamyine airport in Mon State and Kawthaung in Tanintharyi Division – will be upgraded to boost regional development […]

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 […]

CBM intervenes in forex market, considers liquidity measures

Despite attempts to inject liquidity into the foreign exchange market and stabilise the dollar-kyat exchange rate by the Central Bank of Myanmar (CBM), the dollar has continued to appreciate against the kyat. On August 14, the CBM set its reference at a high of K1,460 to the dollar. Since May, the dollar has risen by […]

Hybrid Myanmar: How A Quiet Market Could Leapfrog Traditional Data Centre Players

Political reforms, a growing economy and a speeding adoption of digital services are bringing the once isolated Myanmar out of the shadows. In the new decade, with the arrival of digital, the development of TMT infrastructure is starting to gain pace, but much work is still needed. João Marques Lima investigates. In the heart of […]

Mobile money services make waves in Myanmar

Seven years ago, the country had virtually no formal banking sector. Now, its clunkier commercial lenders face extinction thanks to the arrival of exciting new mobile money services whose mission is to march onwards and upwards. Brad Jones wasn’t sure what to expect when he moved to Yangon in early 2015 to become chief executive […]

Nationwide expansion to drive Wave Money’s growth

Though 80 per cent of the population remains unserved by Myanmar’s banking system, Wave Money aims to enjoy much higher growth over the next few years thanks to its continuous expansion of distribution network, said the firm’s top executive. Brad Jones, chief executive officer of Wave Money, said in an exclusive interview the firm has […]