Co-operative Bank to issue JCB debit card in Myanmar

Co-operative Bank to issue JCB debit card in Myanmar

Yangon [Myanmar]/Tokyo [Japan], Dec.2 : Co-Operative Bank (CB Bank), a major commercial bank in Myanmar, Myanmar Payment Union Public Co. Ltd (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., have announced that CB Bank will start issuing JCB debit cards in December 2016.

The CB MPU-JCB Co-Brand Card combines the MPU brand and JCB brand. Card members can use MPU's nation-wide merchant network in Myanmar and JCB's international merchant network with over 31 million locations globally.

India's 'Look East Policy' has become 'Act East Policy': PM Modi

Narendra ModiNay Pyi Taw, Nov 12 : Asserting that a new era of economic development, industrialization and trade has begun in New Delhi, Prime Minister Narendra Modi on Wednesday said externally, India's 'Look East Policy' has become 'Act East Policy'.

"We greatly respect the enthusiasm with which you have extended the hand of friendship to India. Today the world and the region need a strong India-ASEAN partnership; that is why we believe that we are entering in a new era in the India-ASEAN partnership," said Prime Minister Modi.

Prime Minister Modi said that he is very pleased to have the privilege to participate in the India-ASEAN Summit.

Myanmar opposition holds public campaign for constitution reform

Aung-San-Suu-KyiNai Pyi Taw, May 17 : Leader of Myanmar opposition party National League for Democracy (NLD) Aung San Suu Kyi Saturday called on the public to back efforts aimed at introducing reforms in the country's constitution.

The first ever campaign between NLD and the 88 Generation Peace and Open Society was held at Bo Sein Mhan Football ground in Bahan Township here, attracting over 40,000 marchers, Xinhua reported.

Myanmar foreign investments cross $2 bn

Myanmar foreign investments cross $2 bnYangon, May 15 - Myanmar received $2.21 billion worth of foreign investments in the first four months of the year, with transport and communication sector leading, media reported Thursday.

The transport and communication sector attracted $1.34 billion, followed by the manufacturing sector with $426.8 million, real estate $267.8 million, hotel and tourism $56.9 million and mining $28.69 million, reported Xinhua.

China was the largest investor with $14 billion, followed by Thailand with over $10 billion and China's Hong Kong Special Administrative Region with over $6 billion.

Myanmar gets $4 bn foreign investment

Myanmar gets $4 bn foreign investmentYangon, April 18 - Myanmar got $4.107 billion foreign investment in the fiscal year 2013-14, up from $1.4 billion in 2012-13, media reports said Friday.

The foreign investment in 2013-14 covered manufacturing, energy, oil and gas, mining, hotels and tourism, real estate, livestock, fishery and agriculture, Xinhua quoted the Directorate of Investment and Companies Administration as saying.

China was the largest investor, followed by Thailand and China's Hong Kong Special Administrative Region.

Treat our fishermen humanely: Manmohan to Rajapaksa

Manmohan-SinghNay Pyi Taw, March 4 : Even as the Sri Lankan Navy arrested 32 more Indian fishermen, Prime Minister Manmohan Singh raised the issue with the neighbouring country's president, Mahinda Rajapaksa, here Tuesday, calling for a humane approach to the issue.

Meeting on the margins of the BIMSTEC Summit, the two leaders also spoke about the upcoming US-led resolution at the United Nations Human Rights Council, the text of which was released to member countries late Monday.

PM Manmohan Singh to meet neighboring countries heads in Myanmar

Manmohan-SinghNaypyidaw, March 3 : Prime Minister Manmohan Singh who is on his last foreign visit of his tenure would be meeting leaders from the neighboring countries as he arrives to attend the BIMSTEC summit.

Singh's first engagement here is with the host Myanmar President U. Thein Sein. Sources tell ANI that both leaders will discuss cooperation in security related to the presence of insurgent groups present on both sides of the border. They will also discuss disputes in the demarcation of border, and the issue of 9 disputed pillars is expected to come up during the Thein - Singh talks.

Australia to assist Myanmar in reform process

Quentin BryceYangon, Nov 6 : Australia has vowed to assist Myanmar in its political reform process and a wide range of sectors, including education and health, media reported Wednesday.

It was pledged by visiting Governor-General of Commonwealth of Australia Quentin Bryce when she met Myanmar President U Thein Sein in Nay Pyi Taw Tuesday, reported Xinhua.

Quentin offered to provide scholarships to outstanding Myanmar university students, technical assistance for capacity building of lectures, teaching aid in basic education schools, access to modern teaching methods, construction of schools in rural and border areas in the country.

Myanmar posts trade surplus

trade-surplusYangon, Aug 16 : Myanmar posted a trade surplus of $8.65 million in July, official media quoted the Central Statistical Organisation as saying Friday.

With a total foreign trade of $1.586 billion, Myanmar's export amounted to $797.78 million, while its import stood at $789.13 million during the month, reported Xinhua.

However, in the first four months (April-July) of the 2013-14 fiscal year, Myanmar's foreign trade totalled $6.5 billion, of which export stood at $2.964 billion, while import represented $3.536 billion.

Myanmar visit to turn new page in history: Japanese PM

Shinzo-AbeYangon, May 25 : Japanese Prime Minister Shinzo Abe said in a message published in Myanmar official media here Saturday that his current official visit to Myanmar will bring Japan-Myanmar cooperation to even higher level and serve as an opportunity to lay down a foundation for turning a new page in history.

Abe said he will exchange views with President U Thein Sein in the forthcoming meeting, expected to take place Sunday in Nay Pyi Taw, and engage in and offer cooperation in four areas, reported Xinhua.

32 killed, 190 injured in Myanmar water festival

myanamr-water-festivalYangon, April 20 : At least 32 people were killed and 190 others injured during a water festival held on the occasion of the new year in Myanmar, state media reported Saturday.

The water festivals called "Thingyan" were held across the country from April 13 to 16, Xinhua reported citing the New Light of Myanmar daily.

During the festival, there occurred 177 incidents including murders, car accidents, fights, theft and arson among others.

Myanmar, Indonesia target $1 bn trade

rice-exportYangon, April 3 : Myanmar and Indonesia are making efforts to promote the trade volume, which is targeted to reach up to $1 billion in 2016, official media reported Wednesday.

During a meeting between Myanmar Minister of Commerce U Win Myint and visiting Indonesian Coordinating Minister for Economic Affairs Hatta Rajasa in Nay Pyi Taw Tuesday, the two sides focused on signing a memorandum of understanding on rice trade, said the New Light of Myanmar.

Myanmar may use force to curb riots

Myanmar may use force to curb riotsYangon, March 29: Myanmar President U Thein Sein has warned of using force as a last resort to suppress the current rioting in the country and protect people.

"In general, I do not endorse the use of force to solve problem. However, I will not hesitate to use force as a last resort to protect the lives and safeguard the property of general public," the president said.

Myanmar riot death toll is 40

Myanmar-riotYangon, March 26 : The death toll in a communal riot in Myanmar has risen to 40, according to an official media report Tuesday.

The toll rose from 32 as eight more bodies were found when troops cleared the wreckage in the wake of the riot which lasted three days in Meikhtila from March 20, leaving 9,600 people homeless.

Meikhtila is in Myanmar's northern Mandalay region, Xinhua reported.

The situation is now normal following the declaration of a state of emergency and with the intervention of the army to help bring about peace.

Myanmar, US to cooperate in wide range of sectors

Myanmar, US to cooperate in wide range of sectorsYangon, March 9 - Myanmar and the US have vowed to cooperate in a wide range of sectors, official media reported Saturday.

This came up during a meeting between Myanmar Vice President U Nyan Tun and Administrator of US Agency for International Development (USAID) Rajeev Shah in Nay Pyi Taw Friday, reported Xinhua.

The Myanmar-US cooperation programs cover control of HIV/AIDS, healthcare services for children and women and reduction of mortality rate, development of research work and higher education in linking universities of the two countries.

Suu Kyi says she and Jawaharlal Nehru had many things in common

Suu Kyi says she and Jawaharlal Nehru had many things in commonMyanmar opposition leader Aung San Suu Kyi, who has visited India after 25 years, has said that she and Jawaharlal Nehru had many things in common.

Suu Kyi, who is on a five-day visit to India, said that many of the challenges faced by Mahatma Gandhi and Jawaharlal Nehru during their struggle for India's independence had also been facing by her over the course of her struggle.

World Bank approves grant to Myanmar

World Bank approves grant to MyanmarThe Board of Directors of the World Bank Group have approved package of credit and grants to Myanmar through a new Interim Strategy.

The new support plans are aimed at backing the government's reforms for improving the lives of its people. The financial institution will offer an $80 million development grant to the country ahead of a multilateral effort by the international financing community to clear the county's backlog on payments to creditors.

Thai company to explore oil in Myanmar

Thai company to explore oil in MyanmarYangon, Feb 13 - Thailand's state-owned PTT company will explore oil and gas in Myanmar's two onshore blocks, a media report said.

PTT Exploration and Production Plc, Thailand's largest energy company, was last month awarded a licence for the PSC-G and EP2 petroleum blocks, covering 13,000-sq km.

The company is already developing a gas field in the Gulf of Martaban.

It is expected to produce 300 million cubic feet daily by the end of next year.

Myanmar, India step up cooperation in health sector

Myanmar, India step up cooperation in health sectorYangon, Aug 3:  Myanmar and India are stepping up bilateral cooperation in the health sector, a media report said.

Talks have taken place between the Myanmar Union Health Minister Pe Thet Khin and Indian Ambassador to Myanmar Villur Sundararajan Seshadri in Nay Pyi Taw, Xinhua reported Wednesday.

National League for Democracy in Myanmar dissolves itself

Aung San Suu KyiAccording to the official reports, the National League for Democracy, the major opposition party in Myanmar, dissolved itself Friday in an apparent protest against upcoming elections.

The New York Times has reported that the party, whose best-known member is its leader, Aung San Suu Kyi, refused to register to run candidates. It has criticized the elections as a sham.

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