Four ways Myanmar can boost online shopping

Even the United Nations says Myanmar is dismal for online shopping. The country ranked 126th in the The United Nations Conference on Trade and Development’s (UNCTAD) “Business-to-Consumer (B2C) E-commerce Index.” measuring an economy’s pr

Western Union latest to cut ties to Military

Money transfer giant Western Union announced that it is cutting ties with the military-owned Myawaddy Bank, becoming the latest foreign company to heed the United Nations’s advice and sever business ties with the Myanmar Army (Tatmadaw). In an

Myanmar legalizes foreign remittances

Independent cash remittance services can now receive official licenses to transfer money between Myanmar and other countries. The Central Bank of Myanmar will issue the licenses mainly to overseas employment agencies. Myanmar people have been able to

KBZ app sees USD 1.8 million in transfers

KBZPay, the new digital payment platform from Kanbawza Bank (KBZ), is off to a strong start with over USD 1.8 million in transfers, the company said. The app-based service, which launched in October 2018, allows people to hold funds and make instant
Demand sees gold prices surge to nearly K1.3million

Gold prices surge amid banking sector mistrust

Myanmar’s domestic gold prices reached MMK 1.3 million per tical (about 16.33 grams) on September 5th. It has been the highest rate this year. Economic uncertainty and the rising value of the dollar against the kyat are thought to be driving in
1.4 Billion MMK Loan Agreement Reached With Mahar Bawga Finance Company Limited

Mahar Bawga raises loan from AGD Bank

Yangon-based financial institution Mahar Bawga Finance Company (MBF) has announced that it has received a MMK 1.4 billion (USD 916,000) loan from AGD Bank. According to an article in Dealstreet Asia, MBF said that the funds will be used to open new b