YBPC to acquire new buses with K70 billion

11 May 17
By Aye Nyein Win | Tuesday, 02 May 2017 Yangon Bus Public Company (YBPC) will spend K70 billion, which is entrusted at the Ayeyarwady Bank, for acquiring new buses, according to ...

Inflation Rate Dips Slightly But Prices Set to Rise Over Long Term

11 May 17
Author: Myanmar Business Today | 02 May 2017 Myanmar’s con­sumer price index (CPI) de­clined to 6.81 percent in March from 6.97 percent in February, the state-owned Global New Light of Myanmar ...

IFC and Myanmar central bank promote new credit reporting regulation

11 May 17
By Mizzima On Monday, 1 May 2017 IFC, a member of the World Bank Group, has successfully supported the Central Bank of Myanmar to develop a regulation for credit reporting—a key ...

Thai Banking Giant Backs Nationwide Scheme to Help Small Businesses

11 May 17
Author: Zin Thu Tun | 24 Apr 2017 One of Thailand’s largest banks has teamed up with Myanmar for a scheme aimed at helping small businesses in Mon state and Thanintharyi ...

Banking Leaders Call for Deregulation of Interest Rates

11 May 17
Author: Myanmar Business Today | 24 Apr 2017 The government must relax rules governing inter­est rates to allow banks to benefit from interest rate spreads by offering new financial products, a ...

Yangon govt ‘invests’ Ks70bn in YBS

3 May 17
Writer: Htet Shine & San Htoo Aung Yangon Bus Public Company Ltd (YBPC) has deposited Ks70 billion at the Ayeyarwady Bank for the Yangon Bus Service (YBS), according to Myint Thaung, ...

China’s role in Myanmar conflict talks paves way for Belt & Road initiative

3 May 17
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

3 May 17
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

3 May 17
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

3 May 17
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 ...