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Myanmar Sees 30 Percent Increase in Tourism During First Four Months of 2019

The number of tourists coming into Myanmar during the first four months of this year has risen by 30 percent over the same period last year. This information was shared by U Ohn Maung, Union Minister of the Ministry of Hotels and Tourism, at a press conference held to explain what the government has accomplished […]

Industry proposes reducing visa restrictions for western tourists

Discussions will be made with the relevant departments to reduce visa restrictions on western travelers, said U Yan Win, chair of Myanmar Tourism Federation. The move comes after the government last year approved visa exemptions for tourists from Japan, China and South Korea in a bid draw more Asian travelers to Myanmar. “Granting visa exemptions […]

Gov’t takes steps to decentralize tourism sector

To step up efforts for tourism development in Myanmar, the Union Government will form three committees that will steer the decentralization of tourism services in accordance with the new tourism law, said Vice President U Henry Van Thio. He made the remarks in his capacity as the Chairman of the National Tourism Development Central Committee […]

QR code payment system set to launch this year

The Central Bank of Myanmar is set to implement a standardised national payment system by this year, says CBM Vice Governor U Bo Bo Nge. Daw Than Than Swe, director general of the CBM’s Financial Institutions Regulation Department, said to the Myanmar Times that the system will cover international payments, mobile wallets and all mobile […]

Can mobile banking overcome Myanmar’s trust issues?

It is 5pm on a Wednesday and Yangon’s streets are at a near standstill. Sunset comes early to this city of 7.36 million. Thankfully, since it is winter, the weather is cooler and drier than the rest of the year. So as dusk descends over some of the unruliest traffic in Asia – there are […]

India, Myanmar discuss connectivity projects; to ink pact for seamless cargo, traffic movement

India and Myanmar on Friday discussed various projects to enhance bilateral connectivity, besides agreeing to ink a pact for seamless movement of cargo and traffic, an official statement said. Myanmar Minister for Communication and Transport U Thant Sin Maung called on Road Transport, Highways and Shipping Minister Nitin Gadkari here. Both the leaders discussed the […]

Alibaba aims to grow five times bigger in Myanmar by mid-2019

DRIVEN by rapid gains in smartphone use and people’s willingness to try new things in Myanmar, Alibaba Group plans to grow its business by at least five times in the country in the coming six to eight months, according to Frans Maas, managing director of Shop.com.mm, which is now under the fold of the Chinese […]

Majority of Myanmar People Want Access to Banking and Cashless Payment Methods

YANGON — The majority of people in Myanmar want access to banking services and cashless payment methods, such as credit and ATM cards, mobile payments, contactless payments and payment via QR codes, according to Visa’s Financial Education for Sustainable Growth Study. The Study, conducted recently in Myanmar by global payments technology company Visa, is part […]

Linking small merchants with buyers in Myanmar

SPURRED on by increased data consumption in line with rising sales of smartphones in Myanmar, e-commerce operator Barlolo.com is planning nationwide expansion, its top executives say. Min Min, chief operating officer of 3KO Ventures Co, which operates Barlolo.com, said in an exclusive interview that more than 50,000 people typically visit the website each month to […]

CB Bank successfully adapting to meet the needs of a new generation

Economic liberalisation came relatively late to Myanmar, but the country has been working hard to make up for its slow start. Following a military coup in 1962, the country was governed by an oppressive dictatorship and subsequently experienced the ignominy of being rated one of the least developed and most corrupt nations in the world. […]