e-Registration Management System launched for taxpayers

The Internal Revenue Department announced that the e-Registration Management System will be launched for taxpayer registration commencing on 23 May.

The Internal Revenue Department implemented the e-Registration Management System for taxpayers, intending to make the process easier and faster for the public. By using the e-Registration Management
System, taxpayers can make the registration through the Internet without having to go to the tax office.

In addition, companies, organizations, non-profit organizations and individual private entrepreneurs are requested to use the e-Registration Management System beginning on 23 May. The e-Registration Management System have to be uniformly adopted in the taxpayer registration processes.

Source: The Global New Light of Myanmar

CB bank

CB Banks allows daily transfer benchmark of K50 mln to all local banks

A total of K50 million can be transferred daily from CB Bank to any local bank using CB Bank’s Business iBanking service through smartphones, tablets and laptops, according to CB Bank.

The iBanking service can be accessed anytime and anywhere through the Internet. Personal iBanking account can be opened at CB Bank branches and Business iBanking account at CB Bank (UFC Tower-2nd Floor).

CB Bank has informed the customers that CB Bank’s Internet Banking service can be used by connecting with their CB Bank accounts.

Source: The Global New Light of Myanmar

CB cards

CB Bank says holders can use prepaid cards from 21 April

The CB Bank has announced that prepaid cards of the bank, which are eligible for spending US$1,000 per month or the equivalent Myanmar kyat, will be able to be used starting 21 April.
CB Bank’s Prepaid Card is a type of card that can be used without having to have a saving account. Therefore, it can be more convenient than holding cash and can be used to withdraw cash from ATMs in more than 210 countries around the world, pay at a point of sale (POS), and make quick-and-easy payments for online shopping, foreign trips, restaurants, hotels, shopping centres, and hospitals. In addition, it can be easily topped up through CB Pay and iBanking. There were also initial notifications to customers that they could apply for CB Bank’s debit, credit, and prepaid cards at their nearest CB Bank branches.
Customers who own this prepaid card issued by CB Bank will be able to use it starting 21 April.

Source: The Global New Light of Myanmar


Over 1,000 Myanmar workers sent to S Korea under EPS within 2 months

A total of 1,040 Myanmar workers have been despatched to the Republic of Korea through the Employment Permit System (EPS) in January and February this year, according to the Myanmar Embassy in Seoul.

Workers include 345 manufacturing workers, 28 CBT manufacturing workers, 236 re-entry manufacturing workers and 374 agriculture and livestock workers and 57 construction workers. The South Korean government is officially re-accepting Myanmar workers after the Covid-19 pandemic, and 1,293 Myanmar workers were sent in August, 978 in September; 1,169 in October, 728 in November and 599 in December.

An overseas employment recruitment agency saw off Myanmar workers at the Yangon International Airport and the labour attaché of the Myanmar Embassy in Seoul welcomed them at Incheon Airport. 

Source: The Global New Light of Myanmar


Online appointment system for passports resumes on 26 Feb

The online appointment system for applying for passports and passport renewals is to be restarted on 26 February after a system repair, Myanmar Passport Issuing Office issued a statement.

On 24 February, a total of 8,529 applicants were recorded in the system and made online payments after filling in a form with their personal information. Nonetheless, some faced errors and did not receive the appointment date after making payments, the office stated.

They can check the appointment date on the home page of the website by putting their name and the citizenship scrutiny card number. After the system repair, it will resume on 26 February. Thanks to public cooperation, the pilot project of the system was successful, as mentioned in the statement.

Source: The Global New Light of Myanmar


Private banks offer hire purchase programmes, auto loans, home loans for seafarers, beneficiaries

Some private banks are offering auto loans to own a car and home loan programmes under hire purchase agreements with low deposits. On 23 December, AYA Bank revealed how the bank buys foreign income of the seafarers with a high exchange rate and introduced the AYA card promotion programme for its debit card, credit card and prepaid card holders, auto loan and home loan programmes, AYA Sompo insurance services and benefits for the beneficiaries of the seafarers, at an event held at headquarters of Myanmar Seafarers Federation.

Additionally, Yoma Bank will also offer the best rate for the seafarer in foreign inward remittance. Opening Flexi Everyday Account of the Yoma Bank, service fee exemption for foreign income remittance and hire purchase system and home loan programme with low deposit and service fee exemption benefits for the seafarers will be provided, as per its statement. The federation will hold an event regarding banking services for seafarers on 30 December 2022.

Source: The Global New Light of Myanmar


Reading electricity meters on mobile phone available in 5 townships of Yangon

Electricity meters can be read on mobile phones in five townships of the Yangon Region, according to Yangon Electricity Supply Corporation (YESC). During this FY, the government completes digital meter installation processes using an advanced metering infrastructure (AMI) system in five townships of Yangon and people can read the meter on their phones, YESC stated.

The AMI system will reduce power losses significantly and people can know their used meter units over their mobile phones using the Me Bill application in a timely manner. Officials installed AMI system-based 66,189 digital meters in Lanmadaw, Latha, Kyauktada, Pazundaung and Botahtaung townships and it is now 98.66 per cent completed.

Officials will change the remaining 900 meter boxes. In the past, it allowed only one service wire for each apartment and it caused complex cables on lamp posts. Now, power poles look neat and tidy for using only one larger service wire. 

Source: The Global New Light of Myanmar


Passport Online Booking System suspended on 5 December

The Myanmar Passport Office announced the suspension of applications for the passport through an online booking system on 4 December and advised against purchasing QR Codes through brokers at expensive prices.

The Myanmar Passport Office introduced the online booking system on 21 March 2022 and, according to the new system, the applicants must make an online appointment on by entering details such as the applicant’s name, father’s name, date of birth and gender and, only after they have received the QR code, they can come to the office in person.

Those who have received the appointment will have to bring the printout of the passport online appointment letter or the screenshot of the QR code. Now, some changes are being made to the online booking system to enable the applicants to make an appointment round the clock. Therefore, the current system was suspended on 5 December. However, those who have already had an appointment through the old system can come to the office on the appointed day. The date when the new online booking system can be used will be announced again, it is learnt.

Source: The Global New Light of Myanmar


17 labour exchange offices opened in Yangon Region for employment access

Union Minister Dr Pwint San of the Ministry of Labour said, at a job fair, that access to employment will be provided through the opening of 17 labour exchange offices in Yangon Region. To ensure accessibility to employment for those of working age, conduct skill training and for workers to enjoy their rights according to the Labour Law, district and township labour exchange offices are opened in 15 regions and states including the Nay Pyi Taw Union Territory.

The offices will select the workers with suitable qualifications and skills to meet the needs of employers, the Union minister added. A total of 5,658 factories were shut down due to COVID-19 infections in Myanmar, making more than 140,000 people jobless.

The government is taking necessary measures to create job opportunities for the unemployed. For that matter, investments from both domestic and foreign countries are being invited. More than US$1,241 million of foreign investment entered Myanmar during the six months duration from April to the end of September (FY2022-2023), creating job opportunities for local workers.

Source: The Global New Light of Myanmar


Plan underway to reduce YPS card fare by 20 kyats

The Yangon Region Public Transport Committee-YRTC is working on a payment service aimed at facilitating the payment of public transport lines in Yangon Region, and Yangon Payment System (YPS) card shops are opened more so that passengers can make purchases easily. For those wishing to use the YPS card can buy the cards at over 60 shops including shops in front of Yangon City Hall, in front of Myanmar Plaza Stop, in front of Yuzana Plaza Plaza, Hledan Bus Stop, on Insein Road, Thakin Mya Park, Tamway Roundabout Bus Stop, YUPT of YPS stores, and Bandoola Housing.

“It is quite difficult to top up the card. There is no store where you can top up money wherever you want. It is difficult in many places. Instead of keeping it in stores, I would like to use a system that can be used to top up money through Mobile Pay, which is applied by many people. To find a shop I think it would be more convenient to go with the Mobile Pay system without wasting time,” said Ko Zarni Tun of Dagon Myothit (South) Township told the GNLM. Before, topping up on buses, you can get promotions that you can buy the card, but now you don’t see much,” he added.

YRTC and Asia Starmark Transport Intelligent Co., Ltd (ASTI) are working together to promote the widespread use of the YPS card system. In addition, G&G Convenience Store in partnership with Asia Starmark Transport Intelligent (ASTI) started selling YPS cards at more than 100 branches in Yangon. An official from the YRTC said that in order to encourage YBS bus riders to use the card system more, those who use the card system have been given a discount of 20 kyats per card for a one-way trip compared to the regular fare.

“If you use the card system, 200 kyats will be reduced by 20 kyats. We do this because we want to use the YBS card. Picking up fares according to the stop, in the past, the middle stop was set, and then each side was divided in a half. Now that’s not the case anymore. Since there are 30 stops from beginning to end, I will only pick up fare for 15 stops. It’s not expensive,” he added. It is reported that the number of YPS cards sold is about 150,000, and the number of cards in use is still more than 90,000.

Source: The Global New Light of Myanmar