Business News

Myanmar’s Yoma Strategic to Buy Majority Stake in Wave Money From Telenor

Jun 25, 2020
YANGON—Yoma Strategic Holdings, headed by Chinese-Myanmar tycoon Serge Pun, will acquire Telenor Group’s 51-percent stake worth US$76.5 million (105.99 billion kyats) in Myanmar’s... 579

Myanmar SMEs Urge Suu Kyi to Ease COVID-19 Loan Policies

Jun 24, 2020
YANGON—Myanmar’s small and medium-sized enterprises (SMEs) affected by the pandemic need the government to relax its COVID-19 loan policies in order to help businesses thrive, according... 651

Myanmar Independence Hero to Appear on All Banknotes

Jun 17, 2020
NAYPYITAW—Myanmar will introduce the image of independence hero General Aung San on banknotes of all denominations, according to the Central Bank of Myanmar (CBM). “Banknotes of all ... 532

Drumstick growers happy with demand from foreign markets

May 29, 2020
“UNDER the arrangement of the Ministry of Commerce, we have visited Viet Nam and China. The moringa is used to treat a host of ailments such as anaemia, arthritis and other joint pains, diabe... 483

Ygn Gov’t strives to implement industrial zones in outskirts

May 14, 2020
YANGON-As there are 12 Townships situated in municipal outskirts in Yangon Region, plans are underway to establish industrial zones in 11 Township except Coco Island, says Yangon Region Chief Mini... 492

CB Bank won three prestigious awards from Asiamoney for 2020

May 14, 2020
CB Bank continues to garner more awards for its achievements in delivering financial services since 1992, as Asiamoney, the international finance magazine, named the bank (1) Best Digital Bank 2020,... 508

Myanmar negotiates for funds to rescue embattled economy

May 07, 2020
The government is negotiating for foreign aid and assistance from the World Bank, Asian Development Bank and International Monetary Fund (IMF) to help it implement a stimulus plan aimed at providing... 447

More than 1,800 Yangon Factories to Reopen After Passing Myanmar’s COVID-19 Tests

Apr 30, 2020
Yangon – More than 1,800 factories in Yangon have been permitted to resume their operations after complying with official COVID-19 preventative measures, said Yangon Region’s Ministry for Immig... 465

Fish market demand decline during COVID-19 period

Apr 30, 2020
The drop in demand of the local fish market has worsened during COVID-19 period according to the general secretary Win Kyaing of Myanmar Fisheries Federation on April 27. In the fishing sector,... 463

Yuzana Plaza plans to reopen after April 30

Apr 25, 2020
Yuzana Plaza will be reopened after April 30 although it was initially planned to be reopened on April 24, said MP Hla Htay of No.1 Mingala Taungnyunt Constituency. The decision is made after a... 467