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Plan for Mandalay terminal worries bus owners

Bus operators have expressed reservations about the final design of the Chan Mya Shwe Pyi (Kywel Sel Kan) bus terminal in Mandalay, which is touted as one of the most modern in the country. The final design of the upgrade was submitted last month to the Mandalay City Development Committee (MCDC) by M-Development Corporation Co […]

Myanmar risks falling into a China debt trap

To understand China’s top priority in Myanmar, forget Beijing’s involvement in the country’s sputtering peace process, or efforts to restart its backed but now suspended US$3.9 billion Myitsone hydroelectric dam, or even securing rights to extract copper at the locally resisted Letpadaung mine outside of Mandalay. Those are all subordinate interests to what China really […]

Myanmar’s AYA Bank Lowers Barrier to Visa Card

YANGON — Myanmar’s Ayeyarwady Bank, also known as AYA Bank, announced on Tuesday that it will start issuing Visa cards to a wider customer base. The bank will issue three types of credit cards — silver, gold and platinum. The most accessible card requires a monthly income of 150,000 kyat ($110), with an annual fee of 20,000 […]