Myanmar Competition Commission promises to level playing field for businesses

The Myanmar Competition Commission will work with businesspersons to remove hindrances to fair competition, said Union Minister for Commerce Dr. Than Myint, urging businesses to abide by the Competition Law. The Union Minister, in his capacity as the chairman of the commission, made the remarks during his opening address at an event about competition, held […]

KBZ Bank launches digital wallet KBZPay

KBZ Bank, Myanmar’s largest privately-owned bank, has launched a digital wallet called KBZPay. The mobile phone app will allow users to make cashless transactions, store, send or receive money, and withdraw cash through authorised agents. The digital wallet is now available for download across the country. The bank is conducting on-ground activations in Yangon and […]

Fifteen Austrian companies look for opportunities in Myanmar

An Austrian trade mission comprised of 15 leading Austrian companies visited Yangon and Nay Pyi Taw on Wednesday to explore business opportunities and promote bilateral trade and investment. The luncheon, which was hosted by the Honorary Consul of Austria, was attended by the executives of 15 companies, and executives and officials of the local business […]

BES organising eight events in Myanmar this year

The business of hosting international trade shows and exhibitions is booming in Myanmar, according to Bangkok Exhibition Services Co (BES), which is running eight events there this year. “Myanmar has seen many political and economic reforms in recent years that have led to the easing of international sanctions and the opening of its doors to […]

Event organiser in Myanmar partnership for show in Bagan

Bangkok-based event-management company Index Creative Village has partnered with a Myanmar-based travel and hospitality firm to create a cultural show that it hopes will attract high-end tourists and capitalise on Myanmar’s National Tourism Year in 2015. The show will be based at the Bagan Golden Palace in Myanmar. After tourist arrivals reached a record 2 […]

Hoteliers hope to get slice of expanding market in Myanmar

YANGON: Myanmar is in urgent need of more quality and affordable hotel rooms to meet its forecast of attracting over three million tourist arrivals in 2015 and 7.5 million international visitors by 2020. By the end of 2013, it is expecting to welcome two million visitors. By the first quarter of 2016, Sedona Hotel Yangon […]