KBZ Bank and Tranglo, a cross-border payment hub, have formed a remittance partnership to facilitate inbound foreign money transfers directly into the accounts of KBZ Bank customers. Approved by the Central Bank of Myanmar, this service allows Myanmar workers in countries such as Malaysia, Singapore, and South Korea to...
A group of seven robbers robbed the AYA Bank’s cash carrier van on the old Yangon-Mandalay highway between Lat Pan Won Village and Thar Yar Aye Village in Inndagaw Township, Bago Region around 2 p.m. on September 13.
Although local media reported that the robbers got away with money as...
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...
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...
Better Technologies Myanmar (trading as Better HR), based in Yangon has grown to 150 customer companies across 3 countries within 1 year, making it the first Yangon-based startup in the HR space to make it regional.
Better HR is a cloud-based application that allows organizations to streamline HR processes such...
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,...
Myanmar has made progress in poverty reduction as the proportion of the population living in poverty declined by almost 50 percent between 2005 and 2017, according to the Poverty Report, issued by the World Bank, UNDP, and the Central Statistical Organization.
The proportion of the population living below the poverty line...
Tin Mg Oo/Myanmar Business Today
The government plans to send minister-counselors for economic affairs to five more countries to promote trade, said Deputy Minister of Commerce U Aung Htoo during remarks to the upper house of parliament on December 2.
The new minister-counselors will be posted to Germany, Brazil, Australia, South...
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
Asia Development Bank's latest report estimated the GDP of Myanmar to grow to 1.8 percent in 2020 compared to 6.8 percent in 2019 while the GDP of most Southeast Asian economies are estimated to contract.
Like Myanmar, Vietnam’s GDP growth is expected to have 1.8 percent and Burnie’s...