AYA Bank, MPU, JCB Introduce First Corporate Credit Card in Myanmar

Yangon and Tokyo, Nov 14, 2017 – (ACN Newswire) – Ayeyarwady Bank (AYA Bank), a major commercial bank in the Republic of the Union of Myanmar, Myanmar Payment Union (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that AYA Bank has launched the AYA Universal Corporate […]

Japan nursing care industry eyes foreign workers

TOKYO (The Japan News/ANN) – Moves to accept foreigners as front-line workers in the nursing care industry are likely to accelerate. The Law on Proper Technical Intern Training and Protection of Technical Intern Trainees (see below) came into force on Nov. 1, putting into place a mechanism for trainees to work at nursing care facilities. […]

Marubeni to Overhaul Power Plant in Myanmar

TOKYO — Japanese trading house Marubeni will upgrade a natural-gas-fired power plant in Myanmar, aiming to strengthen its power-related business on expectations of growing electricity demand in emerging Asia. The roughly 2.5 billion yen ($21.9 million) order will be financed with a low-interest loan from the Japan International Cooperation Agency. Wholly owned subsidiary Marubeni Power Systems will […]

Myanmar’s manufacturing PMI rises to 51.1 in October

  TOKYO — The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, rose to 51.1 in October from 49.4 in September. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. “October survey data signalled the first improvement in manufacturing operating conditions since May. The return to growth was supported […]

License snub prompts ANA to ditch Asian Blue Myanmar airline venture

YANGON – Japan’s ANA Holdings Inc has dropped a plan to form a joint venture in Myanmar, the airline said on Monday, after its application for an air operator’s certificate (AOC) was rejected by the authorities in the Southeast Asian country. ANA established the Asian Blue joint venture last year with local investor Golden Sky […]

Making Myanmar an energy powerhouse

Myanmar’s national electrification process is still on hold one year after the new administration took office. The replacement of the Minister of Energy in early August showed the priority given to energy, but the government still has much to do. Myanmar will have to decide on how to solve its chronic power shortage. There are […]

DaChan to enter Burmese market with joint venture

DaChan Great Wall Group (大成集團), a Taiwanese agriculture and food conglomerate, yesterday said it will tap into the Burmese market through a US$30 million joint venture in a bid to further cement its position in Southeast Asia. The group is to build feed mills and poultry plants in Myanmar by teaming up with the Myint […]

‘Tremendous opportunity for growth’ identified in the BIMSTEC region

Participants at a Yangon roundtable discussion today point to largely untapped opportunities for trade, communication and cultural exchange in a region of 2.5 billion souls. Parami Roundtable and Mizzima Media Group organised a roundtable on Myanmar and BIMSTEC to commemorate the celebration of 20 years of BIMSTEC. BIMSTEC, known as Bay of Bengal Initiative for […]

Myanmar execs seek help in fostering human resources

TOKYO — Even as more Japanese companies are eyeing the growing business opportunities in Myanmar, the young country and its more than 50 million people are in need of help in developing human resources in addition to infrastructure, a fact emphasized by several prominent businessmen from the country, speaking at a seminar on Monday in […]

The Unprecedented Explosion of Smartphones in Myanmar

Outside the offices of an internet startup called nexlabs, a snarl of honking cars and rickshaws grinds to a standstill on a trash-strewn street lined with crumbling buildings. Inside, though, the scene could be straight out of Silicon Valley. Programmers in t-shirts and jeans tap away at laptops beneath posters exhorting them to “Innovate” and […]