CB Bank enter into technical collaboration with CISCO for Data Center and Core Network Infrastructure

YANGON, Myanmar, Oct. 11, 2017 /PRNewswire/ — CB Bank and Cisco are pleased to enter a technical collaboration agreement to transform the Data Center and Core Network Infrastructure to enable core banking application, digital banking and international services to be delivered to its customers and partners in a secure manner. At the same time, CB […]

Extension of Invitation for Bids, Ministry of Transport and Communications. Closing Date 30 Nov and 15 Dec 2017

Subscribe to our tender alert mailing list IFB No. IFB-MR/YCR/UG/CP201 (T) 2017-18, and MR/YCR/ UG/CP202 (T)2017-18 (Yangon Circular Railway Line Upgrading Project) Myanma Railways has already advertised the invitation for Bids in the Global New Light of Myanmar on 2nd August, 2017. In order to be convenient for the interested eligible applicant’s document preparations, Myanma […]

Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]

Three Gas-Generators to supply electricity needed for Myawady

Myawady, a Myanmar-Thailand border area town, is going to be supplied electricity needed for the town’s power consumption starting from November 2017 with three gas generators which produce 2 mega-watts each. Presently, efforts are being made for the full acquisition of 8 mega-watts bought from Thailand, according to Shwemyit Thaungyin power distribution enterprise. At present, […]

Tech Venture Capital Firm Receives $5 Mln Investment

Myanmar’s larg­est online prop­erty portal, iMy­anmarHouse.com has announced an investment of $5 million into a venture capital (VC) fund for local tech startups, U Nay Min Thu, Managing Director of iMyanmarHouse.com, told Myanmar Business Today. “Myanmar’s tech startup community is far smaller and less developed than neighboring countries. The fund will encourage en­trepreneurs by rewarding […]

Ajinomoto returns to Myanmar with ingredient from Thailand

YANGON: Japanese seasoning and food maker Ajinomoto Co has restarted sales of its namesake seasoning in Myanmar through a local subsidiary, aiming to cater to growing demand after suspending business in the country in 2000. The completion ceremony for a packaging plant of Myanmar Ajinomoto Foods Co was held on Tuesday in the Thilawa Special […]

Few have insurance but interest is rising

Few business people in Myanmar buy insurance policies to cover their lives, let alone goods and vehicles, said Dr Sandar Oo, managing director of Myanmar Insurance Enterprise (MIE), which is under the Ministry of Planning and Finance. “There are policies under the (MIE) which cover all the losses suffered,” she added. Moreover, the MIE is […]

India: Myanmar visa fee removal boosts prospects of healthcare tourism

KOLKATA, SEPTEMBER 17: India’s recent decision to remove $80 visa charge for Myanmar nationals (except in e-visa) improved prospects of healthcare tourism in India. West Bengal may be a major gainer as Kolkata has the best flight connectivity to Myanmar among all major Indian cities. Advantage India India controls the expanding pharmaceutical products market in […]

Amid China stand-off, BPCL plans Myanmar pipeline

State-owned Bharat Petroleum Corporation Ltd (BPCL) is in talks with neighbouring countries including Bangladesh and Myanmar and others to set up product pipelines, the senior executives of the company said on Tuesday. The focus on neighbouring countries, especially Myanmar, seems important considering the recent tension between India and China over Doklam. Also, plans of similar […]