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Thailand’s KBank to acquire 35% stake in Myanmar’s A Bank

Thailand’s Kasikorn Bank (KBank) is preparing to invest in Ayeyarwaddy Farmers Development Bank (A Bank) in Myanmar, according to government data. The Myanmar Times understands that the Thai bank is looking to buy a 35 percent stake in the A Bank and has sought approval from the Central Bank of Myanmar (CBM) to do so. […]

Myanmar seeks migrant-worker protections in Malaysia and Thailand

The government is negotiating with Malaysia and Thailand to ensure that hundreds of thousands of Myanmar nationals working in their countries will have access to social welfare benefits, a senior minister said. U Thein Swe, minister of Labour, Immigration and Population, said the Myanmar Social Security Board is leading the negotiations with their counterparts in […]

Singapore-Kunming Rail Link (SKRL)

The Singapore-Kunming Rail Link (SKRL) is a pan-Asian high-speed railway network being developed to connect the countries of Cambodia, Laos, Malaysia, Myanmar, Republic of China, Singapore, Thailand, and Vietnam. The 6,617.5km-long, meter-gauge railway network is being developed with an estimated investment of $15bn, under the ASEAN-Mekong Basin Development Cooperation (AMBDC) which was formed to encourage […]

Myanmar gas deal to benefit Thailand

A new cooperation deal between the Myanmar government and private energy company, MPRL E&P, will bring good news for Thailand’s power generation sector, Myanmar’s Ministry of Electricity and Energy said in a statement on Monday. The statement was issued after MPRL E&P, a Myanmar-based independent energy company, successfully concluded negotiations with Yangon on two key […]

Thai Investors Look to Bring Mass Tourism to Myanmar’s Myeik Archipelago

Yangon – Business owners from Thailand have expressed interest to invest in tourism in Kawthaung and the Myeik archipelago, in Tanintharyi Region in southern Myanmar, according to Director-General U Thant Sin Lwin of the Directorate of Investment and Company Administration (DICA). “The region has mainly engaged in livestock and mining, and lately, tourism is springing […]

Myanmar tourists encouraged to use Visa in Thailand

The Tourism Authority of Thailand (TAT) and Visa credit cards announced a partnership to promote tourism between Thailand and Myanmar. Under an ongoing campaign to encourage more Myanmar tourists to experience the benefits of digital payments while travelling overseas, locals visiting Thailand can collect a THB500 discount voucher at the Yangon International Airport. The voucher […]

Thailand E-Sports Arena raises funding from Japan’s GameWith; to foray into Myanmar, Laos, Cambodia in 2020

Infofed, an e-sports startup and owner of Thailand E-Sports Arena, has secured an undisclosed amount in pre-Series A round of equity funding from Japanese gaming community GameWith. The startup will use the proceeds to expand its coverage in Southeast Asia. The firm plans to enter Myanmar, Laos, and Cambodia in 2020. “There is a huge […]

AirAsia Group Seeks Partners in Cambodia, China, Myanmar

After a brief halt, AirAsia Group has resumed its overtures to partners in Cambodia, China, and Myanmar as it seeks to found new franchise units in these countries. However, it has abandoned plans to launch a unit in Viet Nam, Group Chief Executive Officer Tony Fernandes told Nikkei in an interview. Fernandes added that the […]

With 70% Unbanked Population, Myanmar Bets on Fintech to Improve Financial Inclusion

Despite the Myanmar government’s push to expand access to financial services, the country still trails far behind the rest of Asia in rates of participation in formal financial services, financial literacy, savings rates and the use of digital financial services, according to a new report by social enterprise ONOW Myanmar. But fintech and mobile technology […]

Sojitz, NTT, NEC, NESIC to Upgrade Communications Infrastructure in Myanmar

Sojitz Corporation, NTT Communications Corporation (NTT Com), NEC Corporation and NEC Networks & System Integration Corporation (NESIC) will carry out an infrastructure upgrade in Myanmar. The plans come under official instruction from Myanma Posts and Telecommunications, the country’s incumbent telecoms operator and once completed, will connect the cities of Nay Pyi Taw, Yangon, Mandalay and […]