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Myanmar’s Yoma Strategic to Buy Majority Stake in Wave Money From Telenor
Jun 25, 2020
YANGON—Yoma Strategic Holdings, headed by Chinese-Myanmar tycoon Serge Pun, will acquire Telenor Group’s 51-percent stake worth US$76.5 million (105.99 billion kyats) in Myanmar’s... 591

Myanmar SMEs Urge Suu Kyi to Ease COVID-19 Loan Policies
Jun 24, 2020
YANGON—Myanmar’s small and medium-sized enterprises (SMEs) affected by the pandemic need the government to relax its COVID-19 loan policies in order to help businesses thrive, according... 509

Myanmar Independence Hero to Appear on All Banknotes
Jun 17, 2020
NAYPYITAW—Myanmar will introduce the image of independence hero General Aung San on banknotes of all denominations, according to the Central Bank of Myanmar (CBM). “Banknotes of all ... 343

Drumstick growers happy with demand from foreign markets
May 29, 2020
“UNDER the arrangement of the Ministry of Commerce, we have visited Viet Nam and China. The moringa is used to treat a host of ailments such as anaemia, arthritis and other joint pains, diabe... 751

Ygn Gov’t strives to implement industrial zones in outskirts
May 14, 2020
YANGON-As there are 12 Townships situated in municipal outskirts in Yangon Region, plans are underway to establish industrial zones in 11 Township except Coco Island, says Yangon Region Chief Mini... 849

CB Bank won three prestigious awards from Asiamoney for 2020
May 14, 2020
CB Bank continues to garner more awards for its achievements in delivering financial services since 1992, as Asiamoney, the international finance magazine, named the bank (1) Best Digital Bank 2020,... 799

Myanmar negotiates for funds to rescue embattled economy
May 07, 2020
The government is negotiating for foreign aid and assistance from the World Bank, Asian Development Bank and International Monetary Fund (IMF) to help it implement a stimulus plan aimed at providing... 838

More than 1,800 Yangon Factories to Reopen After Passing Myanmar’s COVID-19 Tests
Apr 30, 2020
Yangon – More than 1,800 factories in Yangon have been permitted to resume their operations after complying with official COVID-19 preventative measures, said Yangon Region’s Ministry for Immig... 963

Fish market demand decline during COVID-19 period
Apr 30, 2020
The drop in demand of the local fish market has worsened during COVID-19 period according to the general secretary Win Kyaing of Myanmar Fisheries Federation on April 27. In the fishing sector,... 853

Yuzana Plaza plans to reopen after April 30
Apr 25, 2020
Yuzana Plaza will be reopened after April 30 although it was initially planned to be reopened on April 24, said MP Hla Htay of No.1 Mingala Taungnyunt Constituency. The decision is made after a... 823

Vatel Thailand's BBA Provides Strong Footing For Hotel Managers and Entrepreneurs Alike, Dean says
Apr 20, 2020
Whether planning a career in international hotel and tourism management or setting up a boutique hotel, restaurant or cafe, a course providing the right balance between theory and hands-on experien... 858

Factories in Bago region to close until end-April
Apr 20, 2020
Bago Region Industrial Zone Management Committee released a statement that the factories in the region will suspend its operation until 30 April in the awake of COVID-19, state media reported. ... 786

COVID-19 hinders mangoes market near Myanmar -China border
Apr 08, 2020
“We have begun to export mangoes to China again but the Chinese government announced people will not be allowed entering their country. So, we could not sell mangoes in Muse. We are forced to s... 939

Loans approved from COVID-19 fund for 400 small firms
Apr 06, 2020
The Myanmar Investment Comission (MIC) says it will be issuing emergency loans to around 400 small businesses that have suffered financial losses due to the COVID-19 pandemic sweeping the world. &... 946

Myanmar relies on 90 per cent medical stuff import
Mar 28, 2020
Yangon-Myanmar has to import as much as 90 per cent of medicines and medical equipment from other countries, said U Zaw Moe Khaing, Chair of Myanmar Pharmaceutical & Medical Equipment Entrepre... 904

Myanmar’s Central Bank Says Banking Will Continue Despite Coronavirus
Mar 26, 2020
YANGON — Myanmar’s central bank has reassured citizens that banking services will not stop, including mobile banking and cash machines, amid the COVID-19 pandemic. The Central Bank o... 1059

No significant impacts on green gram export market
Mar 23, 2020
Yangon--Despite the temporary suspension of green gram exports to Covid-19-affected European countries, the export market has not seen big impacts yet, according to Myanmar Pulses, Beans and Sesam... 898

Central bank revokes Asia Yangon Bank’s license
Mar 18, 2020
The Central Bank of Myanmar (CBM) revoked the license of Asia Yangon Bank Ltd on the evening of 16 March due to the breach of existing laws, according to the CBM’s statement on 16 March. ... 1177

Over 10,000 workers jobless after factory closures in Yangon
Mar 16, 2020
Yangon--The number of jobless workers has soared to over 10,000 after the closures of 27 factories in Yangon Region, according to the Department of Labour. There are 29 industrial zones in Yang... 972

Myanmar Central Bank Cuts Rates, Business Circle Says Move Falls Short
Mar 14, 2020
YANGON—The Central Bank of Myanmar has announced a 0.5 percent reduction to interest rates, in what the bank says is a move to spur economic growth. But bankers and businesses have said that ... 938

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