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Opic Provides $5 Million Loan To Brac In Support Of Microfinance Lending In Myanmar

WASHINGTON – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided a $5 million loan to BRAC Myanmar Microfinance Company Limited, a microfinance institution in Myanmar operated by BRAC International, to support lending to poor and underserved borrowers. OPIC’s support will help BRAC Myanmar provide more loans and increase financial […]

Amata Holding to deploy Bell helicopters in Mergui

Tourism and hotels company Amata Holding Public Co Ltd is in negotiations with representatives of an American aviation company for a deal that could bring helicopter transportation and sea plane flights to the Mergui archipelago in Kawthaung, Tanintharyi Region in the south of Myanmar. “We intend to start helicopter and sea plane operations around the […]

Mastercard to keep high growth rate in Myanmar

Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]

Market vendors protest lottery for new stalls

Stallholders in the old Thiri Yadanar Sanpya Market in Mandalay Region’s Pyin Oo Lwin township say they are prepared to demonstrate against a plan that would deny many of them places in the new market – unless they win a lottery. Of the more than 400 retailers doing business in the temporary market, only 220 […]