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...
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...
Microsoft for Startups launches the Highway to a 100 Unicorns initiative in the Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where only 56 startups were selected to the Emerge X program from six states, which have over 15000+ startups. The Emerge X winners...
The Union of Myanmar Federation of Chambers of Commerce and Industry announced that registering for QR Pass, aimed to provide easier transportation during the stay-at-home period, is now stopped on October 12.  The UMFCCI launched the QR Pass on the morning of September 25, which allows employees of the businesses,...
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...
In accordance with the instruction of the Yangon Regional Government, the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) will issue QR Pass for payroll processing in Yangon during the stay-at-home period so that the businesses, who are not allowed to operate during the stay-at-home period,...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Agricultural product exports of Myanmar this year has increased by $500 million compared to the same period last year, according to the Ministry of Investments and Foreign Economic Relations.  The Ministry said, “Agricultural product exports are in the satisfactory condition generating more than $3.31 billion in the first...
Ookala's speed test identified Ericsson's networks as the fastest in the months of June and July in Myanmar, where less than 10 percent of the population had access to mobile services in 2014 when Telenor Myanmar and Ericsson entered a partnership compared to 105 percent SIM penetration and 80...
Mastercard announced that it is deepening its commitment to Myanmar by taking steps to incorporate an entity in the country – thereby establishing a local office presence in Yangon – and to appoint a country business development manager. “As Myanmar continues its digital transformation, it is also necessary to empower...