Myanmar’s new barcode expected to help exporters

Myanmar launched the GS1 Myanmar barcode, an internationally recognised standard that is expected to facilitate exports, at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) last Saturday. The GS1 barcode system helps businesses find out information about the product quickly and accurately, reduce damage, and control distribution. It is also helps […]

New Thanlyin-Bago-Kyaikhto highways proposed

The government is set to build new expressways connecting Yangon Region, Bago Region, and Mon State with assistance from the Japan International Cooperation Agency (JICA) and Asian Development Bank (ADB), a senior official of the Ministry of Construction has announced. Deputy Minister of Construction U Kyaw Lin said that work is expected to start soon […]

Posco Int’l shares, bottom-line expect benefit from new gas field discovery

Shares and the bottom line of Posco International Corp., general trading and business development unit of South Korean steel giant Posco, are expected to get a big boost from a new gas field recently discovered off the western coast of Myanmar projected to turn out 500 billion won ($411.4 million) worth gas. A drilling test […]

‘Myanmar manufacturing lifted by higher output, new orders and jobs’

Ihs Markit, a London-based information provider, says that Myanmar’s Manufacturing Purchasing Manager’s Index (PMI) has been lifted by sharper growth of output, new orders and jobs. The business information provider said this in a press statement issued on Monday. The release said, “Business conditions in Myanmar’s manufacturing sector improved at the start of 2020, according […]

AIA formally launches operations in Myanmar

AIA formally launched its operations in Myanmar with an opening ceremony on January 18, marking its entry into what is considered the new frontier for insurance in Southeast Asia. The launch event was dubbed ‘UN in Yangon’ (Un is French for ‘one’), and featured performances from top singers in Myanmar, including Esther Dawt Ching Sung, […]

New air route links China’s island province, Myanmar

HAIKOU, Jan. 14 (Xinhua) — A new direct air route is set to be launched later Tuesday between Haikou, capital of south China’s Hainan Province, and Myanmar’s Rangoon. The flight is the second direct route linking Hainan with Myanmar. The air route is operated by China’s Jiuyuan Airlines, with three round trips scheduled every week. […]

KBZPay launches short-term loan for agents

KBZPay announced a new short-term financing product for their agents on Tuesday. The KBZPay Quick Access Loan will help agents and merchants improve their cash flows, as many face issues in facilitating peer-to-peer cash transactions. The growing volume of cash transfers requires the agents to have sufficient funds in their mobile wallets to avoid cash […]

Three new substations boost national grid

With the official launching of three new substations on Saturday, Myanmar’s national electricity grid is now providing 50 percent of the country’s power needs, says Minister of Electricity and Energy U Win Khaing. U Win Khaing was speaking during the official opening of the Tatkyigon substation in Hmawby Township, Kyuntawkon substation in Okekan Township, and […]

New E-commerce Marketplace Bets on Myanmar’s Potential

A new e-commerce website called Spree.com.mm has officially launched, and will sell electronic appliances, household items, travel kits, fashion products, child products, food, and sporting products. The e-commerce platform will provide new competition to the Alibaba-backed Shop.com.mm which currently dominates the local e-commerce market. Users can make purchase items using various payment methods like Visa, […]