"Fix the money, fix Myanmar" This is the slogan of Myanmar Dollar-MYD, the newly emerged cryptocurrency, which is intended to counter the junta’s grip on Myanmar Kyat. This is one of the facets of the revolution against the coup. Unlike A-May Suu Token, a crypto token that emerged after the...
Germany-based international wholesale company METRO has announced that it will cease its foodservice distribution business in Myanmar due to the volatile investment and business environment in the Southeast Asian country, which is expected to continue for some time. "We made this decision with regret because we started 2019 with positive...
Telenor Group has announced today that it has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. The...
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...
  Bringing in new investors Anthem Asia and DPI Energy Ventures, as well as prior investors TRIREC, Insitor Impact Asia Fund, Great Noble Ventures, and FORUM, the additional financing provides firepower for SolarHome, a pioneer in Pay-As-You-Go (PAYG) solar for off-grid households in Myanmar, today announced the closing of its Series A-2...
Infobip, the global cloud communications company, has announced the launch of its new digital cloud contact center solution - Conversations, that will enable businesses to deliver omnichannel support for customers through a single interface for agents. Consecutively, Infobip also announced the launch of its chatbot building platform – Answers,...
Customers in Myanmar, a developing country with an average annual income per capita of just over $1,000, often look at the price when they are thinking of buying a new smartphone. This offers opportunities for smartphone makers, who offer a very good price to performance products with a very...
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...
The Ministry of Commerce has launched Myanmar TradeNet 2.0 aiming to provide an easier and faster online platform for applying for export/import license/permit. The Myanmar TradeNet 2.0, an upgraded version for all the processes and procedures related to commerce under the Ministry of Commerce, was launched stage by stage starting...
Foreign direct investment inflow into Myanmar performs better than some of the neighboring countries, Daw Aung San Suu Kyi, the State Counsellor of Myanmar and Chairperson of National Committee for Coronavirus Disease 2019 Prevention, Control and Treatment.  “When it comes to foreign investment, our country’s FDI inflow performs better than...