China’s role in Myanmar conflict talks paves way for Belt & Road initiative
By Shan Jie/Global Times China’s recent involvement in resolving the Rohingya issue highlights Sino-Myanmar cooperation, and could pave the way for the Belt and Road initiative, analysts said. China’s Special Envoy ...
Ooredoo to launch mobile money services in Myanmar
Ooredoo is planning to launch mobile money services in Myanmar, Dealstreetasia reported on 26 April. Having chosen Co-operative Bank (CB Bank) as its banking partner, Qatar-based Ooredoo is now awaiting licence ...
CLOSING OF MANDALAY BRANCH
The Board of Directors of First Myanmar Investment Co., Ltd. announced the closing of the Company’s Mandalay branch on 28 April 2017. FMI Co. Ltd. Mandalay branch was established to assist ...
MADB increases loan from K20,000 to K50,000
State-owned Myanmar Agricultural Development Bank (MADB) is now arranging to increase its K20,000 loan to K50,000 per acre to farmers, Agriculture ministry deputy permanent secretary U Myo Tint Tun told to ...
National Bank of Canada acquires 22% stake in Myanmar mobile money outfit
The National Bank of Canada (NBC) has acquired a 22% stake in Ongo, a mobile money service with big plans for expansion in Myanmar, Finextra reported on 25 April. Established by ...
Foreign insurance companies will be allowed to do business this fiscal year
Writer: Soe Min Htaik, Kyaw Myo According to deputy minister for Finance and Planning Maung Maung Win, the government is planning to allow foreign insurance companies to do business this fiscal ...
Taxes support economic growth, stability and fairness: ministry
The 2017-2018 FY’s national planning; union ministries’ policies, aims, processes and priorities stated that the government will set up a taxation system which will support economic growth, stability and fairness. It ...
Construction industry in decline in early 2017
Writer: Sithu Aung Almost 90 per cent of the construction industry of Myanmar is led by small and medium Enterprises (SMEs) and the industry’s ability to make profit has been declining ...
Microfinance Firm Hayman Secures $1m Loan as Part of Aggressive Growth Plan
Author: Myanmar Business Today A motorcyclist outside one of Hayman Capital’s five branche Photo Credit : Hayman Capital Microfinance lender Hayman Capital has secured a $1 million loan from Malaysia’s May ...
World Bank to loan $100 million to Myanmar Financial Development Project
WORLD Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April. The Myanmar Financial Development Project ...