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Malaysian bank branch provides US$3m loan to microfinance fund

Kuala Lumpur-based Malayan Banking Berhad (Maybank) has signed an agreement with Hayman Capital, a Myanmar microfinance institution (MFI), to provide US$3 million loan for the latter’s operation expansion. The loan will be for two years and the necessary regulatory approvals from both the Central Bank of Myanmar and the Financial Regulatory Department under the Ministry […]

The man behind the success of Singapore Festival 2018

In a bid to reach out and enable more Yangonites and visitors to enjoy the festivities, the Singapore Tourism Board (STB) transformed the third edition of the festival from a mall-based format to an outdoor street event this year. Although the festival was organised by STB in collaboration with local non-government group Doh Eain and […]

Mandalay’s challenging road to becoming a smart city

At the 32nd ASEAN Summit in Singapore in April, Singaporean Prime Minister Lee Hsien Loong called for an ASEAN Smart Cities Network to assist smart and sustainable development in 26 cities in ASEAN. Earlier this month, a list of the 10 most promising cities among the 26 was highlighted by Cristina Lago, online editor of […]

Myanmar still weak in enforcing contracts, protecting minority investors

Myanmar has done undertaken two reforms to improve access to power supply and the ease of starting a local business, according to the latest report from the World Bank. However, pace of reform on most regulations affecting the private sector remain stagnant. In the newly-released World Bank’s 2019 Doing Business rankings, Myanmar ranks 171th out […]

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 […]

Anti-Drug Squad, BSI cooperating on Malaysia seizure of drugs worth $18 m

Anti-Drug Squad is cooperating with Bureau of Special Investigation (BSI) in investigation into the case in which narcotic drugs worth US$18 million were seized from a container that went from Yangon to Malaysia, said a BSI official. Both are hot on the trail of how the drugs were secretly loaded into the container and the […]

PTTEP confirms its commitment to Myanmar oil and gas

PTTEP reaffirmed its commitment to the development and growth of Myanmar’s oil and gas industry at the Offshore Technology Conference Asia 2018 this week. Despite the exploration and development challenges in Myanmar’s oil and gas sector, opportunities for successful discovery and production can be captured with the effective use of innovation and people, said Mr. […]

Edotco Malaysia Eyes Higher Market Share

KUALA LUMPUR: As the leading Asean mobile tower provider, edotco Group Sdn Bhd is perceived as the dominant company in its home turf here. However, it captures less than 20% of the total market share. But edotco chief executive officer Suresh Sidhu is unperturbed by this. In fact, he sees it as an opportunity for […]

Telenor’s Valyou receives UNCDF support for financial inclusion in Myanmar

Valyou, a service from Telenor Group, will provide low-cost international remittance services to Myanmar in its effort to promote greater financial inclusion in Southeast Asia. Through Valyou’s international remittance platform, Myanmar nationals in Thailand and Malaysia will soon be able to send money directly to their family and friends back home. Valyou’s international remittance service […]

Genting launches pioneering cruise to Myanmar island

Genting Cruise Lines is pioneering cruise journeys to a private island in the south of Myanmar in partnership with local resort operator, Tint Tint Myanmar Group. The SuperStar Libra made its inaugural arrival at Mac Leod Island on November 3 as part of its latest four-night roundtrip cruise itineraries, which also stop at Kuala Lumpur, […]