Myanmar’s mineral exports were registered at US$832.42 million between 1 October and 10 January in the 2019-2020 financial year, showing a remarkable increase of $532.027 million compared to the year-ago period. Last year, mineral exports were pegged at just $300.39 million. Both private and public sector mineral exports witnessed an increase in the current FY, […]

Japanese tech major NTT is diving into Myanmar’s nascent but fast-growing digital economy with its newly-established subsidiary.The company announced that its subsidiary NTT Myanmar was granted a business-to-business wholesale licence from the commerce ministry to offer ICT solutions in the Myanmar market. The capital investment of NTT Myanmar is US$5 million (K7.2 billion),Today’s digital landscape […]

UK-funded DaNa Facility is launching a fintech challenge in Myanmar to promote further financial inclusion.The Fintech Challenge Myanmar 2020 (FCM2020), open to local and international fintech firms, is organised in partnership with the United Nations Capital Development Fund (UNCDF) and the Asian Development Bank’s ADB Ventures. Topics include: digital and financial literacy; microinsurance, MSME finance/alternative […]

A senior official has announced that four government-owned banks that have similar business scopes will be merged in order to help provide more loans for micro, small and medium enterprises (MSME), and farmers. They will combine the banks that currently serve similar purposes and to do so they will seek advice from the World Bank. […]