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CB Bank first to launch on Asean fintech platform

CB Bank has launched its Innovation Lab on the API-Exchange (Apix), making it the first bank in Asean to reach out to other financial technology (fintech) firms in the region on the exchange. Apix is the world’s first cross-border open-architecture platform set up to enable financial institutions and fintech firms to discover one another under […]

SmartComm World expands to Myanmar and North America

Singapore 18 August 2019 – SmartComm World (SCW) today announced that they have opened two new offices. SmartComm World (Americas) LLC – Americas HQ has been incorporated in Delaware, USA. Having a large domestic population that communicates in Spanish, English and Chinese, facing increasing labor cost and having large numbers of tourists visiting its shores, […]

Myanmar Sat 2 heads for space to support national e-government programme

The Myanmar Sat 2 satellite conveyed by Intelsat 39 was launched into space from French service provider Arianespace’s Space Port in French Guiana at 2 am yesterday. The Arianespace orbited two communications satellites in this mission — the Intelsat 39 from Intelsat Satellite Operator and the EDRS-C from European Data Relay System that is a […]

Foreign insurers bring disruption in untapped Myanmar market

Myanmar’s insurance market will soon face a sea change led by technologies and expertise brought in by foreign companies. A total of 14 foreign insurers will enter the Southeast Asian country’s market by the end of this year through either wholly owned subsidiaries or joint venture companies with local peers, the Nikkei Asian Review has […]

Bursting the red balloon

The only surprising thing about the failure of payment service provider Red Dot was the apparent suddenness with which the company departed. For months – if not years – it had seemed that the company was on its last legs. Fewer terminals were active and agents had reported that it was becoming increasingly difficult to […]

DHL aims to set Myanmar gold standard

DHL Supply Chain is aiming to be recognised as the best contract logistics provider in Myanmar within a short period, said Shisanupong Pitidhanyasawasdi, 36, country manager of DHL Supply Chain Myanmar. “The business objective in Myanmar is to establish our operation footprint within the market before expanding in the next three years. My short-term commitment […]

New marine breeding zones in Twante, Yangon to accelerate GDP growth

The plan will be implemented in the Twante and Yangon areas, he said at the meeting with the vice president and businesses. “The current government is very much interested in the fisheries sector. The sector can contribute immediate benefits for faster GDP growth. So, negotiations are underway to implement a special fisheries project in Twante […]

Horiba, Hitachi Zosen team up on wastewater treatment in SE Asia

TOKYO — Horiba and Hitachi Zosen are combining their technologies for a venture into wastewater treatment in Southeast Asia. As a first step, the Japanese companies have set up a demonstration facility in central Myanmar’s Wundwin township, a hub of the country’s weaving industry, where rivers run dark with the runoff from dye works. 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 […]

Vietnam’s Hanel DTT plans Myanmar e-gov’t platform

The ceremony for the signing of the agreement was held at a Viet Nam-Myanmar business matching session in Yangon, Myanmar, on Wednesday. The two sides have agreed to share their resources to implement e-government projects in Southeast Asia, and work in government-to-government (G2G) systems on the projects. They will also exchange information, experience, technology and […]