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Francesco Guarascio BRUSSELS (Reuters) - The market for COVID-19 antibody tests is red-hot. It has ballooned in a matter of months as hundreds of products flood the world for people who want to find out whether they’ve already had the virus. The problem is, some of them don’t work properly. As a...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Securities and Exchange Commission of Myanmar (SECM) is planning to convince state-owned enterprises (SOEs) to become listed companies at the five-year-old Yangon Stock Exchange, which only has six listed companies so far. “For the SOEs, which need government funding, they can remain as state-owned ones. For the rest,...
In an attempt to stabilize the dollar rate against Myanmar Kyat, the Central Bank of Myanmar issued a notice on October 3 ordering exporters to deposit the foreign currency earnings from the exports into the exporter's foreign currency account or sell the earning to the bank, which holds Authorized...
By Abhinav Ramnarayan, Julie Zhu and Michelle Price LONDON/HONG KONG/WASHINGTON, May 18 (Reuters)  China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to revive deals under a Stock Connect scheme and strengthen overseas ties in the wake of the coronavirus...
Tin Mg Oo/Myanmar Business Today Looking to diversify its investment portfolio, IKBZ Insurance has signed up to KyoPay’s invoice discounting platform to do a series of pilot transactions with vetted account receivables from local and foreign businesses in Yangon. During the first stage of the pilot phase, IKBZ will be purchasing...
American sportswear maker Under Armour recently opened its first brand-house store in Myanmar as part of a move to expand its brand presence in Southeast Asia.  Located at Myanmar Plaza, the 1,884 sq.ft. store is open from 10 a.m. to 10 p.m. “Although the sports category is still at an early...
Ei Thandar Tun/Myanmar Business Today AIA Myanmar has struck a partnership agreement with AYA Financial Group and Max Myanmar Group (AFG-MAX), under which AIA Myanmar will serve as the exclusive provider of life, health and wellness products and services to AFG-MAX’s retail customer and business partner ecosystem. AIA Myanmar is one...
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...
Yoma Bank and Mastercard, on June 18, signed an MoU that will enable the bank to substantially expand its digital offerings and accelerate the advancement of Myanmar’s digital economy.  The E-commerce industry, still at the nascent stage, is booming amid the pandemic as users turned to online shops and delivery...
Zin Thu Tun/ Myanmar Business Today Hong Kong-based V-Power is set to invest $500 million in power generation and distribution in Kyauk Phyu Township, Rakhine State and Thaketa Township, Yangon Region. “Their proposal says they will build a power plant as soon as possible, but they have yet to provide a...