AYA Bank, AYA SOMPO Insurance and AIA Myanmar launch Groundbreaking Strategic Bancassurance Partnership

The collaboration aims to increase protection and drive insurance penetration in Myanmar. This strategic partnership will enable life, health and general insurance solutions from AYA SOMPO Insurance and AIA Myanmar to be offered across AYA Bank’s extensive branch network throughout the country. U Myint Zaw, Managing Director of AYA Bank, said, “This partnership is an […]

UK-based CDC Group appoints Myanmar country representative

UK’s development finance institution CDC Group, an investor in a number of Myanmar businesses, has appointed Myo Zin as its new country representative in the Southeast Asian nation. Based in Yangon, Myo will work closely with CDC’s teams in the London and India office and will play an instrumental role in expanding CDC’s footprint across […]

Sacco and Jebsen & Jessen Ingredients form distribution partnership

Italian biotech company Sacco S.r.l have announced a new partnership with Jebsen & Jessen Ingredients to expand its dairy products presence in South East Asia. The agreement took place at the annual Food Ingredients Asia exhibition show in Thailand and was led by Mr Luigi Rossi, dairy business unit export director of Sacco Srl, and […]

Thai Life makes Myanmar play to gain an edge

Thai Life Insurance has struck a deal to take a 35% stake in Citizen Business (CB) Insurance, becoming the first Asean outsider to enter Myanmar’s insurance field. “This partnership will give CB Insurance a competitive advantage by leveraging Thai Life’s actuarial and managerial expertise, as well as product distribution channel development, which has proved to […]

Strong potential for insurance growth, but competition expected to be rife: IKBZ

The insurance industry has come under the spotlight recently with the government announcing in April that five foreign insurers would be allowed to operate wholly-owned units for life insurance in the country. Shortly after, it liberalised further by allowing six joint ventures between local and foreign insurers in both the life and non-life/general segments of […]

Rent 2 Own to offer bike loans in partnership with Shwe Min Gan to boost rural mobility

Rent 2 Own Myanmar Co will partner with Shwe Min Gan Co to provide loans to customers, enabling them to buy their own motorcycles and farming machinery. Funds totaling US$5 million will be rolled out over the next six months, said Daw Hla Than Yi, director of Shwe Min Gan Co, which obtained a non-bank […]

Yoma to finance MSP’s $7m heavy equipment rental

Singapore-listed Yoma Strategic announced a partnership with US Caterpillar’s Myanmar dealer to enter the heavy equipment rental sector in a bid to leverage on the upturn in the resource and construction industry. On September 24, Yoma Fleet, the automotive and heavy equipment financing subsidiary of Yoma Strategic, signed a partnership agreement with Thaketa-based Myan Shwe […]

Yangon elevated expressway doesn’t need MIC approval: official

The Yangon elevated expressway project is a government-to-government project and it doesn’t need approval from the Myanmar Investment Commission (MIC), according to the MIC. “Government-to-government projects are not submitted to the MIC. If the investment is made by public, private and partnership and as a developer, it is submitted to the MIC. The infrastructure projects […]

Jovago Offers Myanmar Online Payment Method

Jovago.net, a hotel-booking website, has introduced two new online payment methods in partnership with 2C2P. “The new payment sys­tem will help our busi­ness move from manual payment to a digital vir­tual payment system to improve customer satis­faction and ease of trans­action. We are happy to provide better payment system in response to our valuable customers,” […]

Expression of Interest in Consulting Services for Disaster Risk Management Project. Closing Date 17 August 2017

Subscribe to our tender alert mailing list MYANMAR South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 2 Preparation of Detailed Engineering Designs and Bidding Documents for Drainage Infrastructure Improvements for the 6 Downtown Townships of Yangon (Lanmadaw, Latha, Pabedan, Kyauktada, Botahtaung and Pazundaung) and Construction Management and Supervision of the […]