fbpx

4 ways to boost e-commerce in Myanmar

e-Commerce industry growth will need banks and telcos to reduce service fees, provide better APIs, and simplify procedures to eliminate the hassle of payments Since 2012, foreign investors have been on a gold rush in Myanmar. GDP has climbed up steadily from US$58.68 billion in 2013, to US$64.33 billion in 2014, then US$64.87 billion in 2015. In July 2016, the new […]

Overseas expansion plans heat up at Myanmar banks

Aya Bank plans to open representative offices overseas, while competitor KBZ Bank says it has applied to move into countries such as Japan and South Korea, in a sign that Myanmar’s banks are growing bolder in exploring overseas markets. If successful, AYA would become the second Myanmar lender to expand beyond national borders – KBZ became […]

Easing of US sanctions on Myanmar to boost trade and investment

THE US Treasury’s tweaking of its Myanmar sanctions this week will boost trade and investment in the Southeast Asian country, and signals support for the mandate of the new civilian government led by Aung San Suu Kyi, writes Eric Yep. Entities close to the former military junta are still under sanction. But at the same […]

Sanctions fears choke nascent U.S. trade with Myanmar via Asia World Port

Western banks are cutting trade finance in Myanmar after learning that part of the country’s main port is controlled by a man blacklisted by Washington, threatening to stop nascent U.S. economic ties with the Southeast Asian nation in their tracks. U.S. shipments to Myanmar have slowed to a crawl in recent months, after several banks […]

Yangon stock exchange risks opening under US sanctions

Myanmar’s first modern stock exchange risks falling under sanctions by the US Treasury when it eventually launches this year. The Yangon Stock Exchange is not designated specifically by the Department of Treasury’s Office of Foreign Assets Control (OFAC). However US officials have clarified that under US law it would be automatically sanctioned, as it is […]

Myanmar a letdown for US Companies

Buzz Over Post-Sanctions Myanmar Fades for Many U.S. Investors Initial rush for opportunities turns to disenchantment as political changes lag behind YANGON, Myanmar- Many people thought this would become one of the hottest new markets for American capital a few years ago, when the country began opening to the West after decades of military rule. […]

Tycoon’s Plans for Putao Come under Scrutiny

MYITKYINA, Kachin State — Surrounded by Myanmar’s highest, snow-capped mountains, the remote and rugged Putao Valley in northern Kachin State is a place of stunning beauty and pristine mountain landscapes. This wilderness amid the Himalayan foothills is home to unique wildlife and vast forests, endangered Himalayan Yew trees and rare orchids, and even a small […]