Grab expands financial products portfolio

The Investor/ANN – Grab Financial Group, the financial technology arm of Southeast Asia-based ride-hailing app Grab, on Tuesday rolled out a series of consumer financial services, including microinvestment and microloan schemes. The company’s new strategy, “Thrive With Grab,” includes microinvestments, third-party consumer loans, microinsurance and a pay-later program, expanding its formerly merchants- and small businesses-focused […]

Invitation to Open Tender for Medical Products ; Closing Date : 23rd March 2020

Sealed tenders are invited by Department of Medical Services, Ministry of Health and Sports for the supply of Medical Equipment to all hospitals in the (2019-2020) Budget year. Tender documents are available during office hours at the Procurement and Supplying Division, Department of Medical Services office No (4), Ministry of Health and Sports Commencing from […]

Invitation to Open Tender for Medical Products ; Closing Date : 20th March 2020

Sealed tenders are invited by Department of Medical Services, Ministry of Health and Sports for the supply of Drip Bottles (4-Items), Consumables for Nuclear Medicine Group, Consumables for Dental Group in the (2019-2020) Budget year. Tender documents are available during office hours at the Procurement and Supplying Division, Department of Medical Services office No (4), […]

MLF asks government to suspend live pig, pork products import

THE Myanmar Livestock Federation (MLF) has asked the government to temporarily restrict the importation of live pig and pork products as a preventive measure against African Swine Fever (ASF) and to reduce losses of local pig breeders. The request was made at the 31st regular meeting of entrepreneurs with the Private Sector Development Committee, led […]

Japan insurers enter Myanmar in joint-venture frenzy

TOKYO/YANGON — Five Japanese insurers have teamed up with local players to enter Myanmar’s fledgling insurance market, looking to provide such products as annuities and automobile policies to a largely uninsured population. The Myanmar government announced in January that foreign insurance companies would be allowed offer products in the country, either on their own or […]

Illegal trade more rampant than before, govt measures not effective

Government efforts to prevent illegal border trade have not been effective or sufficient and counterfeit goods are still being smuggled into the country. In fact, things are worse than before. “Illegal trade can’t be controlled. Illegal trade is worse than before even though measures were taken to reopen some of the border gates by the […]

JFE Engineering to Build First Waste to Energy Plant Myanmar

Tokyo based waste to energy technology manufacturer JFE Engineering Corporation has received an order to supply the first waste incineration power plant in Myanmar’s (Burma) Yangon City using the bilateral Joint Crediting Mechanism (JCM) between Myanmar and Japan. The company explained that the JCM is a bilateral scheme that enables Japan to achieve its emission […]

German giant returns to Myanmar

German engineering group ThyssenKrupp has returned to Myanmar to resume a relationship that dates back more than 85 years. It opened an office in Sule, downtown Yangon, last month to show the group’s commitment to the long-term growth of Myanmar, said Stefan Schmitt, ThyssenKrupp’s Asia-Pacific CEO, adding that the Myanmar market was part of its […]

Business With Bounce

Mandalay-based Sein & Mya Mattress Industry Co., Ltd. is one of the country’s leading manufacturers of mattresses. Founded in 1994, it has two factories in Mandalay and seven stores nationwide, including one in Yangon. The Irrawaddy’s Kyaw Hsu Mon talked to the company’s founder U Kyaw Min about what it takes to succeed in Myanmar […]

Swiss giant Nestlé moves into food and beverage production

Swiss food manufacturer Nestlé SA has confirmed that it is preparing to invest around US$50 million in Myanmar’s food and beverage industry over the next six years, in the latest sign yet of the Myanmar consumer market’s attractiveness to international firms. A statement from the President’s Office issued on September 8 said that the investment […]