Visa and KBZ to Produce Kyat-Denominated Credit Cards

RANGOON — Burma’s KBZ bank and international payment provider Visa announced on Thursday that they would jointly issue new payment cards, after receiving the green light to do so from the Central Bank of Myanmar the day before. The Central Bank announced on Wednesday that international payment providers could now offer products and services in […]

Myanmar’s dried tea leaves to go to Germany

GERMANY pledged to purchase almost all the good-quality dried tea leaves produced from Shan State before Christmas, according to a spokesperson of the Ministry of Industry. The demand from the western European countries will help grow the presence of Myanmar’s products in the international market, exporters say. Producing quality dried tea leaves is a top […]

Bulk volume of watermelon and muskmelon planned for export to China

With the demand from China increasing, 600,000 tonnes of watermelons and 150,000 tonnes of muskmelons are planned to be exported, according to the Myanmar Watermelon and Cucumber Growers and Exporters Association. The watermelon market was ruined in previous months because of unpredictable weather and a mismatch between demand and supply. There was an excessive supply […]

Arabica coffee export to America to quintuple in 2016

  The export of Arabica coffee to America will increase by five times in 2016, it is learnt from Winrock International. Arabica coffee is produced in Ywangan Township, Shan State. Winrock, a U.S. based non-profit organization that aids development around the world, helped Myanmar’s quality Arabica coffee to penetrate international market. Forty tonnes of quality […]

Residents Fear Restart of Coal Power Plant

A coal-fired power plant in southern Shan State that was shut down two years ago due to residents’ complaints may be reopening, despite the opposition of the local community, villagers say. They are already accusing local officials of breaking their promises. Test operations at the plant, in Tigyit village, Pinlaung township, were carried out on […]

Coffee Not caffeine, Say Industry Experts

Look out Colombia. And stand back, Brazil: Myanmar coffee is coming. Though coffee has been grown in this country for 100 years, production volumes were low and the quality was hidden under a bushel. But now international aficionados are starting to take Myanmar seriously as a producer of first-class joe. Marcelo A Pereira Magnere, a […]

Unlicensed cars selling well after levying income tax

With the imposition of income tax on new cars, unlicensed cars are selling well in the southern Shan State car market, it is learnt from local car dealers. The number of dealers in unlicensed cars are increasing after the imposition of the income tax in the incumbent government’s tenure, and the licensed car market is […]

The Wartime Supply Road That Became Myanmar’s Thriving Trade Route

YANGON — As trucks barrel down the well-paved road between Mandalay and the southwest of China, few of the men working on the construction sites lining the road probably realize that it was once a vital wartime supply route. As Myanmar’s overland tradewith China expands, the roadis now being revived as a bustling trade artery between the two countries. In Mandalay, […]

Pocket change: Myanmar banks on mobile money

YANGON – Carrying her wages in wads of cash across Myanmar was once a risky, onerous but unavoidable ritual for maid Khin Myint Oo. But now she just pings off a text to move the money to her children back home as mobile banking sweeps into a country whose people have for decades been locked […]

Sule Square Project Breaches Building Regulations, Says Inspection Committee

RANGOON—The High-Rise Inspection Committee (HIC) of Rangoon’s municipal body said that the Sule Square commercial complex includes two extra floors for which the developers do not have permission to add. Construction of the 23-floor structure is nearly complete. Aung San Win, secretary of the HIC within the Yangon City Development Committee (YCDC), told The Irrawaddy […]