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Credit bureau to be up and running within next 12 months

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 […]

Home-grown talent bring digital transformation to Myanmar enterprises

A GROUP of Myanmar whizz kids have set their hearts on becoming an integral part of Myanmar’s digital transformation journey by building up their own venture Nexlabs, a digital consulting firm focused mainly on digital solutions for companies to improve their business performance. Ye Myat Min, co-founder and chief executive of Nexlabs, said in an […]

KBZ Wins Financial Times Honor for Sixth Year Running

Myanmar’s largest private bank, Kanbawza (KBZ), was named Myanmar Bank of the Year for 2018 by The Banker, a service of the Financial Times, for its leading role in the country’s financial sector by using new digital technologies. It is the sixth consecutive year the bank has landed the honor, making it the only financial […]

The man behind the success of Singapore Festival 2018

In a bid to reach out and enable more Yangonites and visitors to enjoy the festivities, the Singapore Tourism Board (STB) transformed the third edition of the festival from a mall-based format to an outdoor street event this year. Although the festival was organised by STB in collaboration with local non-government group Doh Eain and […]

GrabPay sets sights on Cambodia and Myanmar

Southeast Asia’s largest ride-hailing group plans to take its mobile payments service into Cambodia and Myanmar as it expands its range of businesses throughout ASEAN countries, according to a senior executive. Reuben Lai, senior managing director of the Singapore-based company’s financial arm, identified the two countries as next on the list. Grab’s ride-hailing app is […]

Mandalay Chases Dream of Becoming Myanmar’s First Smart City

YANGON — With ambitions of becoming a genuine smart city, Mandalay — the country’s last royal capital at more than 160 years old — is in the midst of a high-tech makeover at the government’s behest thanks to an eclectic team of doctors, engineers, lawyers, writers, journalists and IT experts. After a year of work […]

Chinese firm finalises new Yangon city proposal

The government body in charge of developing an ambitious new Yangon city project has reached the final stage in negotiations with China Communications Construction Company (CCCC) in preparing pre-project documents (PPD). Launched by the regional government in March via a 100pc government-owned New Yangon Development Co (NYDC), the new city project covers an area twice […]

More Singapore firms planning to invest in Myanmar in next two years

Singapore companies have big plans to expand in ASEAN over the next two years and Myanmar, with its growth potential and overall investment climate, is on the cards for many, according to a recent survey by the Singapore Business Federation (SBF). The survey, conducted from December 2017 to March 2018, collected views from 1036 Singapore […]

Mandalay’s challenging road to becoming a smart city

At the 32nd ASEAN Summit in Singapore in April, Singaporean Prime Minister Lee Hsien Loong called for an ASEAN Smart Cities Network to assist smart and sustainable development in 26 cities in ASEAN. Earlier this month, a list of the 10 most promising cities among the 26 was highlighted by Cristina Lago, online editor of […]

Ministry of Commerce Eyeing Mango Exports to the EU

European market, which receives 40 percent of the world’s mango exports, are interested to importing mangos from Myanmar. Therefore, the Ministry of Commerce and local traders are working to export mangos to the E.U. on a large scale. Sein Ta Lone mangos from Myat Yadanar Mango Plantation in Southern Shan State were exported to Munich, […]