The Directorate of Investment and Company Administration (DICA) plans to digitalise all its services to speed up processes and reduce corruption risks. “Company registration was changed to digital system in 2018. Next step is for the whole DICA to become digital,” U Thant Sin Lwin, DICA director general, told The Myanmar Times. “It is for […]
KBZPay to expand cashless service offering
November 7, 2019 by
KBZPay is expecting its users to rise by 42 percent to 5 million by the end of the year and for that number to expand sixfold to 30 million by 2028 with options to go cashless in various areas of the economy to come onstream, said U Soe Ko Ko, head of agent banking at […]
IndiGo to connect Kolkata with Yangon from September
August 5, 2019 by
\ Budget carrier IndigoNSE -0.85 % will begin services to Myanmar with a direct daily flight to Yangon from Kolkata, starting September 20. Yangon, the capital city of the Southeast Asian nation till 2006 when the government named a capital in Nay Pyi Taw, will be the airline’s 18th overseas destination. “Effective September 20, we […]
Survey finds 40pc of Yangonites dissatisfied with YCDC
July 15, 2019 by
The Yangon City Development Committee (YCDC) is the entity charged with managing and providing many of the services, such as planning, cleaning, transportation, and infrastructure development, among others, that keep a modern city humming. As such, the YCDC’s performance of its duties directly affects the lives of some five million people living in the city. […]
WB warns Myanmar of urbanisation challenges
June 13, 2019 by
With more people moving to Yangon and other key destinations for better opportunities, the World Bank has warned of the challenges related to urbanisation in Myanmar at the launch of its latest report this week. Judy Baker, lead economist for social, urban, rural and resilient global practice at the World Bank, said Myanmar must urgently […]
Myanmar Strategic reports narrowed loss in first half after EXERA buy
January 7, 2019 by
Myanmar Strategic Holdings Ltd on Thursday said its loss narrowed in the first half of its current financial year following the acquisition of EXERA. The stock was untraded on Thursday at USD10.00 a share. The investment company said its loss narrowed in the six months to September 30 to USD897,968 from USD1.1 million reported for […]
Credit bureau to be up and running within next 12 months
December 17, 2018 by
Myanmar will start collecting and providing credit data after a new credit bureau opens in the next 9-12 months, after which banks will be in a better position to offer loans to a larger volume of businesses, said U Zaw Lin Aung, chair of Myanmar Credit Bureau Ltd. Myanmar Credit Bureau yesterday signed an agreement […]
Economic outlook negative: UMFCCI
August 29, 2018 by
Myanmar’ economy is in worse shape this year compared to 2017 and 2016, according to the Business Sentiment Survey for the second quarter of 2018 conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) . The results of survey were released during 2nd B4B Insights Forum organised by UMFCCI on […]
Telecom Sector Draws Foreign Investment
January 8, 2018 by
YANGON — The Telecommunications sector has become the top destination for foreign investment under the National League for Democracy (NLD) government, according to the Directorate of Investment and Company Administration (DICA). “Under the previous governments, most of the foreign investments went to the energy and electricity sectors. But foreign investment in the telecommunications sector has […]
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