by Zin Thu Tun The Insurance Business Regulatory Board under the Ministry of Planning, Finance and Industry announced in the first week of March its decision to approve a raft of new insurance products. Insurers need approval from the Board before they can market new insurance products or redesign existing ones....
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Yoma Strategic Holdings will establish a new company called Yoma MFS Holding (Wave Holdco), which will acquire Telenor Group's current 51 percent stake in Wave Money for $76.5 million, according to the press release issued by the Yoma Strategic. Upon the completion of the transactions, Yoma Strategic will...
Myo Sandar/Myanmar Business Today The Ministry of Planning and Finance has granted a life insurance license to Prudential Corporation Asia, allowing the company to start offering life insurance products and solutions to Myanmar people. The license was awarded to Prudential by Union Minister of Planning and Finance U Soe Win at...
by Tin Mg Oo Myanmar plans to send a delegation to Thailand to negotiate for an extension of tax exemption for corn imports from Myanmar, which runs from February 1 to August 31, according to Myanmar Maize Producers and Exporters Association. Myanmar has exported 400,000 tons of the commodity to Thailand,...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Ascent Myanmar Growth Fund I LP (AMGF), Myanmar-Focused private equity fund owned by Ascent Capital Partners Pte. Ltd, a Singapore-registered fund management firm, has made a combined $26 million minority investment in Frontiir Pte. Ltd, an internet service provider under the name Myanmar Net. “By supporting Frontiir, a...
The Ministry of Social Welfare, Relief and Resettlement has invited senior citizens over 85 years of age to apply for financial assistance.  This program aims to support the well-being and nutrients of senior citizens in the country while enhancing financial security and reducing the vulnerability of their families.  The program will...
by Zin Thu Tun Myanmar Thilawa SEZ Holdings PCL has won the tender bid to develop the Kyogone housing project in Yangon. The project, located on a 17-acre plot of land between Baho Road and Insein Road, comprises affordable housing, luxury housing, a shopping center and communal buildings including schools and...
by Zin Thu Tun The Union government, in an attempt to encourage exports from Mon State, will include rubber, fishery and food produced in the state in the National Export Strategy 2020-2025. This follows a March 6 workshop on the matter involving stakeholders from the government and private sectors. “We will...
Naypyidaw China and Myanmar inked dozens of deals on January 18 to speed up infrastructure projects in the Southeast Asian nation, as Beijing seeks to cement its hold over a neighbor increasingly isolated by the West. But no major new projects were agreed during the two-day visit by President Xi Jinping,...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Pyidaungsu Hluttaw, Myanmar's highest legislature, has approved the highly anticipated comprehensive Industrial Zone Law on May 26. The statue has 20 chapters and 75 articles. The bill was drafted and announced in August 2019. The contribution of the industrial sector to the GDP of Myanmar who heavily relies on...