Visa callsto boost financial literacy


GIVEN THAT the majority of Myanmar people lack the knowledge to use digital payment platforms, all the players in the finance industry must work together to educate them so the nation can become a cashless society, according to Arturo Planell, country manager of Visa Myanmar.

He said at a recent press conference there was a clear gap in financial knowledge.

Partnerships drive iflix’s growth in Myanmar

Given increasing mobile penetration and a healthy appetite for amazing contents, iflix, a global streaming service provider with presence in 27 nations across Asia, the Middle East and Africa, is experiencing strong growth in Myanmar, according to Adeana Greenlee, the firm’s head of Indochina.

Agri First Co to operate fertilizer factory in Thilawa SEZ in October

The fertilizer factory established by Agri First Company in Thilawa Special Economic Zone in Yangon Region will be opened in October, according to a press release issued by Myanmar Agribusiness

Rice prices may increase in domestic market


Over 400,000 acres of idle Sagaing land to be confiscated

The government will confiscate more than 400,000 acres of vacant land in Sagaing Region that has not been used for agricultural purposes, said Than Win, secretary of the assessment committee for

Phase 3 of Yangon Int'l Airport improvement project nearing completion

The runway and apron of Yangon International Airport are being extended as part of phase 3 of the upgrading project, according to Yangon Aerodrome Company Ltd (YACL) in charge of the project.

NYDC to hold talks on seeking reliable facts about much-criticized Yangon New City Project

New Yangon Development Company (NYDC) has planned to hold a talk about NYDC Town Hall with the intention of seeking strong evidences for Yangon New City Project as China Communication Construction Company Limited (CCCC), a tender winning company, is facing many questions as to whether or not there is transparency, said Thein Wai (a) Serge Pun, the CEO of the NYDC.  

Tourist arrivals hit around 1.5 m in five months


Till May of this year, the number of tourist arrivals reached around 1.5 million, a 2-per-cent decline compared with the same period last year, according to the figures released by Ministry of Hotels and Tourism.

The number of visitors from European countries and the North American countries has dropped over the years due to political situations. But the number of visitors from China, Thailand and some Asian countries has increased.

China suspends rice imports from Myanmar after bank freezes


Chinese merchants have suspended its rice imports from China-Myanmar border after a freeze on bank accounts of merchants, said Than Oo, secretary of Bayintnaung Rice Brokerage Center.

“Rice prices remain unchanged as China has suspended rice imports from Myanmar. Rice prices will go up when there are high demands from China. Rice trading is not working well as China makes a crackdown on contrabands,” he added.

Myanmar earns US$538 M from CMP garment export