PATHEIN, Ayeyarwady Region—The coronavirus outbreak in China has forced a garment factory in Ayeyarwady Region to close suddenly, leaving all its workers jobless. A few months ago, the factory was busy and the employees complained about forced overtime on weekends and public holidays. Nearly 1,000 employees at Hua Meng Garment Factory in Kangyidaunt Township were […]
Garments sector poised to boom in Pathein
The garment industry seems poised to boom in Ayeyarwady Region, with a company developing an industrial park near Pathein signing a contract with a Chinese firm that plans to build 50 garment factories within two years. The new factories would dramatically expand the town’s nascent manufacturing sector, which has for several years been attracting interest […]
Yangon-Pathein-Yangon flight inaugurated
A new Yangon-Pathein-Yangon flight began its maiden trip from Yangon to Pathein in Ayeyawady Region yesterday, state media reported. The aircraft landed in Pathein Airport in the evening where its passengers and crew were welcomed by Ayeyawady Region Chief Minister U Hla Moe Aung, the regional Hluttaw Speaker, regional ministers and department officials. The Chief […]
Call to 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 […]
Myanmar’s mobile money services poised for expansion
THE rapid increase in the ranks of smartphone users in Myanmar is providing opportunities for the marketing of mobile money services in the country, a forum has heard. Stephen Swan, head of product and digital at Wave Money Myanmar, which provides the nation’s leading mobile wallet, said mobile penetration rates in Myanmar had exceeded all […]