Switzerland

Hayman Capital receives US$2 million debt capital from Symbiotics SA

February 11, 2019 by Thiha

5th February 2019, Yangon. Hayman Capital Co., Ltd has signed US$2 million term loan from a Switzerland social impact investor, Symbiotics SA. All regulatory approvals from the Central Bank of Myanmar and the Financial Regulatory Department of the Ministry of Planning and Finance have been received and the fund has been disbursed to support the […]

Filed Under: Latest News Tagged With: Central Bank of Myanmar, Geneva, Hayman Capital Co., microfinance, Ministry of Planning and Finance, SA, Switzerland, Symbiotics

Govt counting on Asian travellers to boost tourism

January 8, 2019 by Thiha

Myanmar’s tourism sector has borne the brunt of the Rakhine refugee crisis, with growth in tourist arrivals dropping to 1 percent in 2018 compared with 7.1pc in 2017, according to the World Bank. The number of western tourist arrivals fell the most, more than offsetting arrivals from Asia. The numbers reflect reports of booking and […]

Filed Under: Latest News Tagged With: asean, Asia, Asian travellers, Chinese, Cosmopolitan Travel Services Co, GDP, gems and jewellery, Germany, Grand Lotus Tours Co, Hong Kong, Immigration and Population, Indian, Japan, Macau, Ministry of Hotels and Tourism, Ministry of Labour, myanmar tourism federation, Myanmar’s tourism sector, rakhine, Rakhine crisis, Rakhine refugee crisis, South Korea, Spain, Switzerland, tourism, tourism industry, tourism sector, tourist, tourists, visa requirements, western tourism, western tourists, World Bank

Facebook among firms named on Myanmar human rights ‘dirty list

December 19, 2018 by Thiha

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 […]

Filed Under: Latest News Tagged With: “genocide”, Bangladesh, Bay of Bengal, Burma Campaign UK, Burmese military, China, Cloudflare, cybersecurity, destruction, dirty list, environmental violations, ethnic tensions, Facebook, Fake Rape, France, Guardian, human rights, hydroelectric dams, Information Committee, infrastructure, infrastructure company, Jade Mines, Military, Muslims, Myanmar, neo-Nazi, NGOs, platform, Rohingya Muslim, social media, Switzerland, UK, us, violence

CB Bank successfully adapting to meet the needs of a new generation

May 8, 2018 by Thiha

Economic liberalisation came relatively late to Myanmar, but the country has been working hard to make up for its slow start. Following a military coup in 1962, the country was governed by an oppressive dictatorship and subsequently experienced the ignominy of being rated one of the least developed and most corrupt nations in the world. […]

Filed Under: Latest News Tagged With: Agent Banking Service, Asian Development Bank, ATM network, Banking Sector, CB Bank, CB Bank QR code, CB Mobile Banking, China UnionPay, digital payments, euros, Financial Institutions Law, Foreign Banks, foreign investment, Grab, Head of Cards and Merchant Services, Head of Transaction Banking, international travellers, Ko Wai Phyo Aung, Ko Zay Yar Aung, Loans, mastercard, military coup, mobile phones, Myanmar, NGOs, President Htin Kyaw, private enterprise, secure private connection tunnel, SMEs, Switzerland, Uber, US and Singapore dollars, visa, World Finance

International partnerships drive transparency among Myanmar companies

March 30, 2018 by Thiha

Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]

Filed Under: Latest News Tagged With: Anti-Corruption Commission, AYA Bank, city mart, City Mart Holdings, Companies Act, Dagon Group, DICA, Directorate of Investment and Company Administration, First Myanmar Investment Group, First Private Bank Ltd, FMI, Grand Guardian Insurance, IFC, International Financial Corporation, International partnerships, Ireland, KBZ Group, Max Myanmar, MCRB, MPRL, Ms Bowman, MTSH, Myanmar Citizens Bank Ltd, Myanmar Companies, Myanmar enterprises, Myanmar Thilawa SEZ Holding, Nicolas Delange, Norway, Parami, Pwint Thit Sa report, Securities and Exchange Commission, Securities Exchange Rules, Serge Pun & Associates, Shwe Taung, SMART, SPA, Switzerland, the Netherlands, TMH Telecom Public Co, UK, Yangon Stock Exchange, YSX

Teaching upgrade plan to start in December

March 20, 2018 by Thiha

A pilot programme to upgrade education colleges will begin in December 2018 at two colleges, according to U Aung Aung Min, deputy director general of the Department of Higher Education. The programme aims to upgrade teaching quality by increasing teacher qualifications, in line with the National Education Strategic Plan (2016-2021). Part of the plan is […]

Filed Under: Latest News Tagged With: Asean countries, Australia, degree colleges, Department of Higher Education, Deputy Director General, Education Sector Reform report, Finland, foreign countries, Local and foreign experts, london, Mandalay college, middle school teachers, minister for education, National Education Strategic Plan, Nay Pyi Taw, pilot programme, Primary School, Switzerland, teaching diploma programme, Teaching upgrade plan, U Aung Aung Min, U Myo Thein Gyi, Yangon college

Davos 2018: China’s economic shift and implications for Myanmar

February 3, 2018 by thiha

Myanmar will capture Chinese investment as Beijing prioritises poverty alleviation and development in Yunnan AS the fight against poverty takes centre stage in Beijing’s economic policy, Yunnan and Myanmar will remain a priority for Chinese investment, while China’s fast-growing middle-income population, especially those in the southwest, presents a crucial market for Myanmar’s growth-oriented businesses as well […]

Filed Under: Latest News Tagged With: Belt, BRI, Centre for Strategic, Centre Stage in Beijing Economic Policy, Chinese Enterprises in Africa, Chinese Investment, Chinese President Xi Jinping, company, CSIS, Davos, Director of the McKinsey Global Institute, Director of the Project on Chinese Business, Donald Trump America, European Union Chamber of Commerce in China, French President Emmanuel Macron, International Studies, Jonathan Woetzel, Kyaukphyu, Mr Liu is China Representative to Davos, Myanmar is China Economic Transition, National League of Democracy, Nay Pyi Taw, NLD, Political Economy, rakhine, Road Initiative, Scott Kennedy, Senior Partner of McKinsey, Shan State, South China Morning Post, Southeast Asian region, Switzerland, The Myanmar Times, The New Silk Road, WASHINGTON, wef, world economic forum

Overseas demand for locally-produced coffee expected to rise in 2018

January 10, 2018 by Thiha

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Filed Under: Latest News Tagged With: Asia, Asia Coffee Association, Asian demand, Australia, China, domestic market conditions, Dubai, Europe, Foreign Buyers, Green Land coffee plantation, Hong Kong, Iceland, International Market, Japan, Malaysia, Myanmar coffee industry, overseas demand, Pyin Oo Lwin, Russia, Switzerland, Thailand, The market price, The Myanmar Coffee Association, the Netherlands, the UK, U Sai Wan, U Win Aung Kyaw, us, Vice Chair, Yunnan, Ywar Ngan region

Property taxes worth less than a cup of tea

September 28, 2017 by Thiha

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

Filed Under: Latest News Tagged With: a cup of tea, Asia, Australia, Bago, British colonies, Broad policy, capital gains tax, Disproportionate tax, Hpa-an, India, Lachlan McDonald, licenses, Malaysia, Myanmar property tax system, Pakistan, Pathein, property tax revenues, property tax system, Property Taxes, singapore, social and economic benefits, Stamp Duties, Switzerland, Taunggyi, The Asia Foundation, tourism and manufacturing industries, UK, urban residents, urban services, Yangon, Yangon-based Renaissance Institute

Global standards issued for local coffee producers

September 7, 2017 by Thiha

IN a bid to promote local coffee to the international market, the Agriculture Department will be issuing a Good Agricultural Practice (GAP) certificate to qualified local coffee producers this year, said Daw May Thet Hlaing, a coffee expert from the Coffee Research, Information, Extension and Training Centre. Local coffee producers who meet a list of […]

Filed Under: Latest News Tagged With: a coffee expert, agricultural standards, Agriculture Department, Australia, bid, chair of Myanmar Coffee Association, Coffee Research, Daw May Thet Hlaing, Dubai, Environmental Conservation, extension, food safety, GAP, global rules, global scale, Global standards, good agricultural practice, Hong Kong, Iceland, information, International Market, Japan, labour rights, local coffee, local coffee producers, mandalay, Russia, Switzerland, the Netherlands, the UK, Training Centre, U Ye Myint, us