While corporate governance and transparency in Myanmar have improved for the private sector this year compared to 2019, conditions at State-Owned Economic Enterprises (SEE) have yet to make similar progress, according to the Pwint Thit Sa Report 2020 issued by the Myanmar Centre for Responsible Business (MCRB). The aim of the report is to support […]
More Myanmar airlines to resume operations
May 28, 2020 by
Some domestic airlines in the country said that they will be resuming their operations starting at the end of this month. Air Thanlwin, a domestic carrier, which has been temporarily suspended its flights in April to curb the spread of the coronavirus, has announced that it will resume operations on May 30. The airline will […]
KBZ takes Yangon port operator to court over massive debts
January 23, 2020 by
KBZ Bank is suing the owner of Myanmar Industrial Port over alleged unpaid debts of more than US$200 million, in a case that is symptomatic of the problems facing the country’s leading banks as they seek to resolve legacy non-performing loans. By THOMAS KEAN and KYAW LIN HTOON | FRONTIER The country’s largest private bank, […]
Explained: Why the flight service from Imphal to Mandalay is important
November 28, 2019 by
A chartered flight service from Mandalay in Myanmar to Imphal in Manipur will be operational thrice a month. What exactly is this service, and why is it important? Last week, Myanmar’s private airlines Air KBZ kicked off a chartered flight service from Manipur’s state capital Imphal to Myanmar’s second-largest city Mandalay. On the inaugural flight […]
First round of bank licences under Suu Kyi govt announced
November 19, 2019 by
Myanmar will initiate the first round of foreign bank licencing under Daw Aung San Suu Kyi’s government, aimed at further opening up an industry that was formerly closed off to international players. The central bank announced that banks can apply for either a branch licence – which allows a range of wholesale banking activities – […]
YCDC taxes can be paid by mobile phone from 1 Oct
September 17, 2019 by
YANGONITES will be able to pay Yangon City Development Committee’s (YCDC) taxes by mobile phone from 1 October. The mobile payment system for taxes was launched at a ceremony held on 12 September at the Yangon City Hall. The mobile payment system was introduced with the aim of facilitating the payment of YCDC taxes. It […]
KBZ Group, PTT partner to develop oil terminal
June 13, 2019 by
The Kanbawza Group (KBZ) and Thai state-owned PTT Public Company (PTT) will enter into a joint-venture agreement through their subsidiaries for oil-terminal development and retail business expansion, the companies’ said in a press release. KBZ’s Brighter Energy Co and Brighter Energy Retail Co will partner with PTT’s subsidiary PTT Oil and Retail Business Public Co […]
KBZ’s new ATR 72-600 planes arrive in Yangon
May 14, 2019 by
Two out of four new ATR 72-600 series planes from Air KBZ arrived in Yangon International Airport on May 6, sources said. The Air KBZ, which possessed 20 per cent in domestic aviation market, is planning to expand its fleet. The other two new planes will be arrived on June. The airlines is flying domestic […]
US$96 million for first phase upgrades of three airports
March 8, 2019 by
A raft of agreements between the government and private firms are expected to be signed this month for the upgrading of three regional airports to international standards. The three airports concerned – Heho airport in Shan State, Mawlamyine airport in Mon State and Kawthaung in Tanintharyi Division – will be upgraded to boost regional development […]
KBZ Wins Financial Times Honor for Sixth Year Running
December 11, 2018 by
Myanmar’s largest private bank, Kanbawza (KBZ), was named Myanmar Bank of the Year for 2018 by The Banker, a service of the Financial Times, for its leading role in the country’s financial sector by using new digital technologies. It is the sixth consecutive year the bank has landed the honor, making it the only financial […]
