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Blockchain-based fintech company Everex signs deal with Krungthai Bank, SHWE Bank

Everex, blockchain-powered digital remittance platform, announced that it has signed an agreement with Thailand-based Krungthai Bank and SHWE Bank from Myanmar. The deal will see the three entities jointly introduce a cross-border, blockchain-powered money transfer services between Thailand and Myanmar. The new service is called “Krungthai Bank and SHWE Bank Remittance powered by Everex”. This […]

New marine breeding zones in Twante, Yangon to accelerate GDP growth

The plan will be implemented in the Twante and Yangon areas, he said at the meeting with the vice president and businesses. “The current government is very much interested in the fisheries sector. The sector can contribute immediate benefits for faster GDP growth. So, negotiations are underway to implement a special fisheries project in Twante […]

Blockchain startup Everex secures seed funding and seeks more in token sale

Singaporean fintech startup Everex has just raised US$500,000 in seed funding from Chinese industrial conglomerate Holley Group. It hopes to add a substantial sum to that figure from its token sale, which kicks off today. Everex has developed an Ethereum blockchain-based online payments suite, which comprises cash transfer and micro-lending services, as well as an […]

Myanmar, Thailand negotiate to solve migrant labour issue

In an attempt to solve the growing problem of undocumented Myanmar migrant workers in Thailand who are returning to their homeland out of fear of a new labour decree, the two countries are negotiating on issuing official documents to workers, but the talks are still ongoing and incomplete, said Union Minister for Labour, Immigration and […]

Migrant workers fear impact of Mae Sot economic zone

The development by the Thai government of a special economic zone at Mae Sot, which is intended to improve trade and communications between Thailand and Myanmar, could have devastating consequences for local inhabitants. These include an estimated half a million Myanmar migrant workers living just across the border in Thailand. The proposed SEZ has a […]