Hyundai shipbuilding group wins $450 mln deal to build compression platform for Myanmar gas project

The holding company of South Korea’s Hyundai shipbuilding group secured an order worth $450 million to build a compression platform that would be installed in the third field of a natural gas project in the Bay of Bengal off Myanmar. Korea Shipbuilding & Offshore Engineering said on December 8 that it has won a letter […]

Myanmar shifts to digital platform to control pandemic

COVID-19 will remain in Myanmar for around three to four years and digital technology will be used to facilitate disease control measures, according to the Ministry of Health and Sports. As being even an hour late in treating some patients could result in a high risk of fatality, technology like tele-medicine and email consultations can […]

New entrepreneur’s association formed to voice concerns

Myanmar entrepreneurs now have a new platform to voice their concerns and to share knowledge and experience among members with the formation of the Myanmar Entrepreneurs Association (MEA). The MEA was inaugurated on August 22 with U Ko Ko Htwe as the chair of the association, while a number of industry groups including the Myanmar […]

MAB launches wealth banking service as competition rises

Myanmar Apex Bank (MAB) has launched a special wealth banking and rewards programme – MAB Gold Wealth Banking – for high net worth individuals in Myanmar. For now, the platform is targeting those who have the cash to place a minimum fixed deposit of K300 million as potential clients. Interest rates for fixed deposits are […]

Facebook among firms named on Myanmar human rights ‘dirty list

Facebook is among a number of companies from the US, UK, France, Switzerland and China named on a “dirty list” of corporations accused of involvement in human rights and environmental violations in Myanmar, or of doing business with the country’s military, which is accused of genocide. A list of 49 companies, compiled by the pressure […]