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Invitation for Price Quotations – The cost of the National Community Driven Development Project (NCDDP)

The Republic of the Union of Myanmar National Community Driven Development Project (NCDDP) Invitation for Price Quotations The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) towards the cost of the National Community Driven Development Project (NCDDP). The IDA N° of the financing agreement is N° H814MM. The […]

Myanmar fintech secures additional capital for its Series A round

Yangon-based financing platform aimed at working class customers has added an undisclosed amount capital to its ongoing Series A funding round, according to DealStreetAsia. Daung Capital lets users apply for a credit to purchase products like motorcycles or electronics through its rent-to-own model. Its main market, it said, is the working class users. For salaried […]

Mandalay to continue Thingyan market

The Thingyan market, which offers shopping and entertainment to visitors, was such a success in Mandalay last year that it will continue this year. A countryside Thingyan night market (Taw Thingyan nya zay) will also be opened, according to the Mandalay City Development Committee. The countryside Thingyan night market will be held on 66th between […]

Falling farm prices, currency hit Thai-Myanmar trade

TAK: Trade value across the border with Myanmar border in Mae Sot district dropped more than 10% last year on falling prices in the agricultural sector and a drop in the value of the kyat. Suchart Triratwattana, the chief adviser of the Tak Chamber of Commerce, said on Wednesday border trade between the district and […]

Myanmar’s Oway Group to close eight-digit funding round

Myanmar’s leading travel booking and ride-hailing service provider Oway Group said it is currently in discussions with potential investors to close an eight-digit funding round in October. As part of the round, IFC has made an equity investment worth US$2 million in the startup in early 2017, marking the World Bank arm’s first investment in […]

Motorcycle repair shops dodge Yangon ban

More disconcerting, though, is the traffic. Motorcycles are outlawed from Yangon’s urban townships, markedly changing the manner of traffic in the city from the rest of Myanmar, and most of Southeast Asia. Yet there are a few motorbikes to be seen. Many are used for law enforcement, while some are driven outside the rules. To […]