Category: Highlights

AGD Bank Accepting EMV-based UnionPay Chip Card Transactions

AGD Bank is now accepting EMV-based UnionPay chip card transactions in all its ATMs, becoming the first bank in Myanmar to offer the service.

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Only left-hand drive allowed for import in 2019

Myanmar’s Supervisory Committee for Vehicle Imports announced that only left-hand drive vehicles can be imported into Myanmar next year.

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Experts say it’s a good time to enter the property market

The property market will be boosted by enforced condominium rules and regulations and once formalized, big housing projects can be legally registered and 40 percent of the apartment can be sold to foreigners.

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Framework for Kyaukphyu Deep Sea Port to be signed next week

The Myanmar government and China-based CITIC Group will sign a framework agreement for the construction of the Kyaukphyu Deep Sea Port project in Rakhine State next week.

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First high-rise steel office tower to be complete in 2020

Local property developer Mottama Holdings will build M Tower, which is the first high-rise steel-structured office building  to be completed in 2020.    

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DaNa Facility supports Stonestep in building microinsurance

The UK Department for International Development (DFID) through the DaNa Facility supports Stonestep AG in a pilot to build up a micro-insurance market, with the aim to reach 600,000 people.

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