Tourist visa-on-arrival no longer issued by Myanmar immigration

Malaysian tourists heading to Myanmar must obtain a visa before travelling out of the country as the policy of visas-on-arrival has been discontinued. Speaking to FMT, a visa officer attached to the Myanmar embassy in Malaysia said Myanmar suspended the policy of visas-on-arrival for all tourists from all countries “a few months ago” and that […]

Myanmar warns migrant workers in Malaysia

Myanmar said on Monday it had sent out safety instructions to its workers in Malaysia after attackers hacked five of them to death with swords, weeks after it barred workers from going there, partly because of security fears. Tension between the Southeast Asian neighbours has risen in recent months over the fate of Myanmar’s stateless […]

Myanmar boosts incentives for infra development, labour-intensive projects

THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]

Myanmar Awaits Indian Response on Bean Deal

​​ The fate of a nearly million-tonne bean deal remains uncertain as the Myanmar government awaits a response from India to its proposal to sell the beans at the current market price. The Indian government said it wanted to pay a much lower price. The deal concerns the India government’s offer to buy 900,000 tonnes […]

Myanmar Cannot End Malaysia’s Worker Visa Fee: Foreign Ministry

​​ The government is not in the position to interfere with Malaysia’s US$ 57 fee for a work visa for a Myanmar worker, said Minister of State for Foreign Affairs Kyaw Tin. During a parliamentary meeting of the Upper House held in Nay Pyi Taw yesterday, MP Hla Hsan for Magway Region Constituency (1) said […]

Myanmar Bans Workers Going to Malaysia

​​ YANGON – Myanmar has banned workers from going to Muslim-majority Malaysia as relations sour between the neighbours over a bloody military crackdown on the Buddhist country’s Rohingya minority. The move came after Malaysian Prime Minister Najib Razak lashed out at Myanmar’s de facto leader Aung San Suu Kyi for allowing “genocide” on her watch […]

The Companies Working To Serve Myanmar’s Unbanked Citizens

As fintech startups gain prominence across Southeast Asia, Yangon is poised to become a hub for the budding industry. At least, that’s how Red Dot Myanmar founder John Nagle sees it. The Irish entrepreneur arrived in Myanmar four years ago, drawn by the many opportunities in the country’s financial space. Myanmar’s economy opened to foreign […]

Singaporean Institute Surveys Family-Based Firms in Burma

RANGOON — Singapore Management University’s (SMU) Business Families Institute and consultant company Deloitte have been working together on the first survey of family business in Burma. The KBZ Group of Companies was the first of four businesses to be studied in connection with the research initiative. Titled “Paving a Way for a New Generation: A […]

If Trump Punishes China, Investors Could Seek Safety in Myanmar

Financial markets in Asia didn’t fancy the outcome of the US election. Markets fell on the news of the Trump victory, and despite a rebound the MSCI Asia Pacific Index was trading close to a one year low last week. Worst affected have been countries with a high proportion, close to 40%, of their sovereign […]

Wave Money Set for Ambitious Growth in Myanmar

WAVE MONEY, the first company to be awarded a licence under Myanmar’s mobile financial services regulations, is planning for ambitious growth in the country, according to Vibeke Siljan Krohn, the firm’s head of sales, marketing and distribution. Krohn said the company was focused on the mass market with the goal of providing mobile financial services […]