Softline and Microsoft Target Local Banks With Launch of Cloud Services

​​ Moscow- based global IT solu­tions and service provider, Softline, is look­ing to sell its cloud secu­rity services to customers in Myanmar’s emerging financial sector, one of the company’s executives told an audience at its Yangon product launch. Softline will be team­ing up with long-time partners US software gi­ant Microsoft to provide ICT and cloud […]

Bid to boost Myanmar shrimp trade begins

“We usually import broodstock from Thailand. But, possibility for the broodstock to suffer some diseases is truly a major risk to our shrimp production. Now we are about to start sustainable shrimp farming with the help of a firm from the United States,” he said. According to Kyaw Tun Myint, Myanmar entrepreneurs in the industry […]

Myanma Timber Enterprise  Invitation for Open Tender. Closing date 24 Mar 2017

1. Myanma Timber Enterprise will sell Teak & Hardwood Round Logs and Sawn Timbers by Open Tenders in Us Dollars. Particulars of The Open Tender Sales are as Follows: (a) Date & Time – (24-3-2017) (12;00) Noon (28-3-2017) (13;00) After Noon (b) Commodities & Volume – Teak Logs about ( 654) Tons – Teak Conversion […]

H&M supply factory in Myanmar damaged in violent labour protest

Workers demanding better conditions and benefits have destroyed the production line of a Chinese-owned factory in Myanmar making clothes for Swedish fashion retailer Hennes & Mauritz, in one of the most violent labour disputes in the country in years. The month-old dispute, which also saw managers attacked, highlights the need for Aung San Suu Kyi’s […]

Myanmar Fishery Export Income Set to Double

​​ THOUGH MYANMAR’S fishery export income took a dive for three straight years until 2015, industry players hold high hopes to rebound, given the slight increase last year and the potential continuation of growth this fiscal year ending on March 31. In FY2011-12, Myanmar could generate US$705.9 million (Bt24.7 billion) from fishery exports, after dropping […]

Myanmar’s elusive gift from god

Ever since I was a little girl I had dreamed of going to Myanmar’s famed ruby mines of Mogok. My father was a gems dealer and I would spend hours watching him cut and polish the raw stones until they sparkled. Yet however much I nagged, he always refused to teach me the trade. “Gems […]

KBZ Bank opens settlement account in US

Kanbawza Bank (KBZ Bank) Limited, part of the KBZ Group of companies, announced yesterday that it has opened a USD settlement account with international bank Sumitomo Mitsui Banking Corporation’s New York branch (SMBC New York), to offer streamlined remittance services that enable faster, more convenient trade financing and transactions between Myanmar and the United States, […]

B4.5bn Dawei development loan okayed

Plans for the Dawei special economic zone have inched ahead after the Myanmar government agreed to borrow 4.5 billion baht from Thailand to finance the construction of a 132-kilometre road from Dawei’s proposed deep-sea port to Ban Phu Nam Ron in Kanchanaburi. Transport Minister Arkhom Termpittayapaisith, who led a Thai delegation to meet Myanmar officials […]

Thilawa SEZ Commences Second Phase of Project

​​ RANGOON — Rangoon’s Thilawa Special Economic Zone (SEZ) management committee members said they expect to complete the 250-acre second phase of the project in mid-2018, during a commencement ceremony at the SEZ’s new Zone B on Friday morning. Thilawa SEZ is located between Kyauktan and Thanlyin townships, 14 miles from downtown Rangoon. The project […]

Japan grants US$ 501,075 for three school constructions and road upgrading in Rakhine and Mon States, Magway Region

Ambassador of Japan to Myanmar, and Chairpersons of the Construction Committees from States and Region Mr. Tateshi HIGUCHI concerned signed the grant contracts for four projects on Monday. Japan’s Grant Assistance for Grassroots Human Security Projects (GGP) Scheme will provide a total of US$ 501,075 to the project for construction of Shwe Ze Ti Monastic […]