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Tag: myanmar

Retail Asia09/02/2017
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Finance

Myanmar to adopt UnionPay chip card standard

3min0
The Myanmar Payment Union (MPU) and UnionPay International (UPI) have teamed up to implement a common UnionPay chip card standard in the country. The UnionPay chip card standard complies with the global EMV chip card standard, and will be adopted by all banks operating in Myanmar. The UnionPay chip card standard emerged as the standard […]
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Retail Asia04/02/2017
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General

Diebold Nixdorf establishes direct presence in Myanmar

4min
Diebold Nixdorf, a leading innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, today announced the opening of an office in Yangon, Myanmar, creating a direct presence in the country for the newly combined company. Previously, Diebold Nixdorf had been operating in Myanmar […]
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Retail Asia04/02/2017
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Finance

German tech firm opens in Myanmar

5min
Neil Emerson, the firm’s senior vice president and managing director for Asia Pacific, said that its customers’ positive feedback and satisfaction drove them to establish an on-the-ground presence in Myanmar. Previously, the firm had been operating in Myanmar through third-party business partners, supporting local banks with their self-service technology needs for many years. “Our intention […]
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Retail Asia30/01/2017
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Real Estate

Wyndham Opens Tryp Hotel in Yangon, Myanmar

3min
Wyndham has expanded its Tryp brand to Myanmar, formerly known as Burma, with the opening of a new-construction hotel in Yangon, Myanmar. The 60-room Tryp Yangon is Wyndham’s inaugural hotel to open in the country. Tryp Yangon is located in the heart of Yangon’s Mayangone Township less than five minutes from Myanmar Plaza, which offers […]
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Retail Asia28/01/2017
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Real Estate

TRYP by Wyndham headed for Yangon, Myanmar

3min
TRYP by Wyndham has arrived on the shores of south-east Asia with the opening of a new-construction hotel in Yangon, Myanmar. The 60-room TRYP Yangon is Wyndham’s inaugural hotel to open in Myanmar. TRYP by Wyndham celebrates the spirit of the urban traveller by offering an insider’s look at a city. Hotels can be found […]
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Retail Asia24/01/2017
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Finance

CB Bank pursues self-service banking in Myanmar

3min0
Cash remains the primary payment method in many parts of Southeast Asia. In Myanmar, competition to provide cash services is intense. Vikram Kumar, country manager for Myanmar at the International Finance Corporation, the private arm of the World Bank Group, recently told that domestic banks in Myanmar are under pressure “to prepare themselves to cope with […]
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Retail Asia20/01/2017
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Finance

CB Bank in Myanmar rolls out cardless cash withdrawal and P2P payment services

4min
Leading Myanmar retail bank rolling out cardless cash withdrawal and P2P payment services with advanced technology from Diebold Nixdorf. Co-Operative Bank Limited (CB Bank) in Myanmar has awarded Diebold Nixdorf an extensive contract for systems, software and services to expand its self-service cash offerings beyond the country’s main commercial hub Yangon. The bank will add 500 […]
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Retail Asia19/01/2017
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E-Tailing

India, Myanmar top Consumer Confidence rankings

3min0
India tops the Mastercard Index of Consumer Confidence rankings as the most optimistic market in Asia Pacific, with Myanmar, Vietnam, Philippines and Bangladesh rounding off the top five. Overall, consumer confidence in Asia Pacific continues to hold steady, showing stability (within plus or minus five points from the previous survey) in nine out of 17 […]
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Retail Asia19/01/2017
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Telecom

Myanmar’s fourth cellco to use the brand name Mytel

2min0
Myanmar’s newly-licensed fourth mobile operator will use the brand name Mytel, and will aim to differentiate by targeting rural areas and competing on price. The joint venture between Vietnam’s Viettel, the consortium of local ICT companies that make up Myanmar National Telecom Holding Public and Star High Public Company was awarded a telecoms license last […]
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Retail Asia17/01/2017
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Telecom

Viettel-led consortium gets Myanmar telecoms license

2min0
Myanmar has formally awarded its fourth and final nationwide telecoms license to a joint venture consisting of Vietnamese military-run operator Viettel and local ICT companies. The consortium has been awarded a 15-year license to offer nationwide services in a move sure to heat up competition in the burgeoning market. The joint venture will be named […]
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Retail Asia16/01/2017
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Telecom

1-Net, Burst plan Singapore-Myanmar DC corridor

2min0
1-Net and Burst Networks are collaborating to develop network connectivity between 1-Net’s data center in Singapore and Burst’s data center in Myanmar. The two data centers will be connected by a network operated by Campana Group consisting of two subsea and terrestrial routes. “This high-speed data center corridor is unprecedented and will support many value-added […]
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Retail Asia11/01/2017
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Finance

KBZ and Kasikorn Banks Introduce Remittance Services in Rangoon

3min0
Burma’s Kanbawza Bank (KBZ) signed a memorandum of understanding with Thailand’s Kasikorn Bank in Rangoon on Wednesday to introduce remittance services for migrant workers in both countries. Worawut Wesaratchakit, senior vice president of Kasikorn Bank, told the Irrawaddy that the remittance service was expected to begin during the first quarter of 2017 as further details […]
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Retail Asia10/01/2017
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Real Estate

Dusit International signs flagship project in Myanmar

3min0
Leading global hospitality company Dusit International has signed a management agreement with Myanmar V-Pile Group to operate the Dusit Thani Yangon, according to a statement on 13 December. Located just 15 minutes by car from Yangon International Airport, and approximately 20 minutes’ drive from the city’s main tourist attraction, the Shwedagon Pagoda, the new property […]
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Retail Asia10/01/2017
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Electronics

Myanmar smartphone shipments up to 26% YoY

6min0
According to the latest International Data Corporation’s (IDC) Asia/Pacific Quarterly Mobile Phone Tracker, a total of 2.5 million smartphones were shipped to Myanmar in 2016Q3, reflecting a 26% (year-on-year) YoY growth, IDC said in a statement on 25 December. This has been the strongest YoY growth seen in Myanmar’s budding smartphone market since 2015Q3. Sequentially, […]
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Retail Asia08/01/2017
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Living

Myanmar needs to stub out growing tobacco usage

6min
Myanmar is experiencing tremendous economic growth. With a young, growing population and a liberalised economy, it has been slated as one of 20 ‘markets of the future’ that will offer the most opportunities for consumer goods companies. Tobacco has been identified as one of Myanmar’s top 20 key industries. Its market size is worth an […]
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Retail Asia14/12/2016
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General

Potential seen in Myanmar retail

2min0
With significant potential seen for the Myanmar retail sector, a new survey shows that most businesses there, both local and international, plan to expand in the coming year. Meanwhile, details have yet to be finalised for a new law that aims to make it easier to invest in Myanmar. Surveying nearly 200 senior executives at […]
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Retail Asia12/12/2016
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Fashion

H&M stages Myanmar textile conference

1min
More than 100 textile industry stakeholders, among them apparel brands, NGOs, trade union representatives and suppliers, recently attended H&M’s Fair and Equal conference in Yangon, Myanmar. Key note speeches from the ILO’s development partner relations coordinator Peter Rademaker, Impact’s founder and director Rosey Hurst and H&M Group’s head of sustainability Anna Gedda, were followed by […]
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Retail Asia11/12/2016
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Telecom

Ooredoo Myanmar expands SIM registration channels

2min0
Ooredoo Myanmar has added new channels for its subscribers to use to self-register, in line with a government directive that all SIMs in use in the nation be registered by next year. Customers now have four options for self-registering their SIMs. The four options involve dialing a dedicated hotline, downloading an application, using a call […]
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