Myanmar introduces int’l bank card services for first time Reply

Introducing international bank cards will improve the tourist sector and promote foreign investment

Introducing international bank cards will improve the tourist sector and promote foreign investment

Reposted from Myanmar Business Network

Myanmar has allowed introducing services for four international bank cards — Visa, Master, CUP ( China Union Payment) and JCB (Japan Credit Bureau) for the first time to facilitate foreign travelers in domestic payment as a follow-up program of MPU (Myanmar Payment Union) card for local citizens in September, official media reported Friday. More…

British Companies Eye Burmese Market Reply

JCP construction equipment

JCB construction equipment

Reposted from The Irrawaddy
By Joseph Allchin

Europe’s largest construction equipment company, J. C. Bamford (JCB), has revealed it is eying entry into the Burmese market.

The UK firm hopes to gain a foothold by the middle of the year, but much may hinge on the removal of EU sanctions—contingent upon the April by-elections being deemed legitimate. More…