In a long awaited move, foreign insurance providers have finally been given the green light to operate in Myanmar, according to the Ministry of Planning and Finance (MOPF) yesterday. The MOPF’s announcement No1/2019 officially permits companies wishing “to operate the business of insurance, underwriting agency or insurance broking with foreign investment” to open for business […]
Read MoreThe banking sector is expected to make strides forward this year as fiercer competition forces banks in Myanmar to level up. “This year, the banking environment will be much better than before. There are still many hurdles left to cross to liberalise and strengthen this sector so that it can support the economy. Nevertheless, we […]
Read MoreAmata VN Plc, a subsidiary of SET-listed industrial estate developer Amata Corporation, plans to develop a 50-square- kilometre plot in Yangon as its second foreign industrial estate in 2019. Amata VN is conducting a feasibility study to allocate budget for the first phase of the industrial estate in Myanmar’s biggest city. In this phase, the company […]
Read MoreLocal digital payments provider Ongo and mobile data operator Ananda yesterday announced a partnership to expand the reach of their services in Myanmar. Under the agreement, Ananda users will have the added option of topping up their accounts at Ongo agents across the country as well as on its mobile application when they sign up […]
Read MoreLow-cost airline AirAsia remains committed to expanding into Myanmar as part of its regional strategy in Indo-China, Riad Asmat, the firm’s CEO, said. “Indo-China is still very untouched in terms of the possibilities for AirAsia. That includes Myanmar, Laos and Cambodia. For example, we currently fly around seven destinations and 13 routes. We want to […]
Read MoreThe Second Yangon International Gems and Jewelry Fair is set to take place in Yangon’s Lotte Hotel from January 9 to 13, according to the Gems and Jewellery Entrepreneurs Association The association is organising the event in the hopes of developing the gems and jewellery trade in the country, penetrating international markets, and developing cooperation […]
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