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After the dollar rate drastically surged from around K1,300 per dollar before February to K1,720 within just over three months, the Central Bank of Myanmar is planning to sell $1.6 million through money changers on May 13, according to local money changers. "We are to buy dollars from the central...
Most of the companies both local and foreign companies were planning to increase investments in January 2021, according to the joint survey conducted by ten foreign chambers of commerce, but now companies have halted their plans to increase investment after political events in February 2021. A total of 372 companies...
Central Bank of Myanmar, which has been purchasing US dollar earlier this year, sold $3 million on December 14 at the rate of K1,372.2 per dollar. On the same day, dollar was traded around K1,365-1,370 in the domestic market. Myanmar Kyat against US dollar has been strong since the begining of...
CB Bank launched CB Card+ mobile application for CB Bank card customers. The customers can view Card information as well as use the app to make payments at any stores which accept Visa contactless payments if their phones have NFC capabilities. CB Card+ application can be downloaded online at...
  The Yangon-Bangkok highway project that will allow people to reach Bangkok Yangon by bus in nine hours has launched with financial assistance from Asia Development Bank, according to the Ministry of Construction.  Currently, it takes 16 hours to travel 570 miles from Thialwa, Yangon to Bangkok by vehicles.  One the new...
U Than Myint, Union Minister of the Ministry of Commerce, said during the Seventh Joint Committee Meeting, that Myanmar will boost collaboration with India in trade and other sectors for mutual interest.  He expressed his confidence at the meeting saying that it will boost bilateral collaboration in trade, investment, agriculture,...
Japan has expressed interest to participate in the Dawei Special Economic Zone located in the Tanintharyi Region, according to U Myint San, Vice President of the Management Committee for SEZ.  Myanmar, on November 5,  invited international partners to invest in the SEZ project under Government to Government Collaboration and received...
TrueMoney Myanmar has provided a total value of 3.2 Billion MMK health insurance coverage to their long-serviced agents and their territory distributors and introduced a door-to-door remittance service. The long-serviced agents and their territory distributors will be provided with the one-year health insurance coverage from Myanma Insurance, which will benefit...
In collaboration with MCI, a local advertising technology company, Grab Myanmar, a leading high-tech ride-hailing service in Southeast Asia and Myanmar has announced the launch of  GrabAds, a digital display advertising service, which enables private companies and corporations to place advertisements on Grab Taxis. The service will launch in...
Part 1 of the Yangon Elevated Expressway project is estimated to cost $800 million, according to U Han Zaw, Union Minister of the Ministry of Construction, at the meeting by Steering Committee on Implementation of Yangon Elevated Expressway and Outer Ring Road. The meeting was held to discuss the...