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Capital makes paying safer, faster and simpler with Visa cards

Yangon, Myanmar, 29 January 2016 – Shopping has become more convenient and reliable at Capital Hypermarket, as one of the country’s largest supermarket chains teams up with Visa and CB Bank to accept Visa cards across all Capital Hypermarket and Supermarket branches – the most acceptance points for a supermarket chain in Myanmar. Now local and foreign customers can pay with their internationally-issued Visa prepaid, debit and credit cards at six Capital branches[1], with eventual roll-out to 120 Grab & Go convenience stores and four restaurants nationwide. Locals too will be able to use their cards at Capital and eventually Grab & Go. “We are always looking for ways to better serve our customers. Accepting card payment makes it more convenient for our customers and, at the same time, streamlines the checkout process, freeing up our staff members to serve other customers,” said Daw Thwe Thwe Moe, General Manager, Capital Hypermarket. Part of the Capital Diamond Star Group, the first Capital Hypermarket opened its door in 2008 at Dawbon Township in Yangon, which was the first and is the largest hypermarket in the country. A second Capital Hypermarket location opened in Nay Pyi Taw in 2011. “We congratulate Capital Hypermarket for expanding access to electronic payments in Myanmar. With its scale, more customers can enjoy the simplicity, reliability and security enjoyed by all Visa cardholders worldwide,” said Arturo Planell, Visa Country Manager, Myanmar. Electronic payment does not only help businesses increase sales, but the steady migration to electronic payments has also proven to spur economic growth in many countries.[2] “CB Bank is proud to be the driver of card acceptance across all Capital Hypermarkets and Supermarkets in Myanmar and we look forward to working with Visa to further expand access to electronic payments across the country,” said Thein Zaw Tun, Managing Director of CB Bank. Since entering Myanmar in 2012, Visa has tirelessly helped Myanmar financial institutions and merchants to grow their businesses. Currently, there are more than 2,300 point-of-sale(POS) acceptance points and 1,400 ATMs accepting Visa cards.[3] "We hope to continue this upward trajectory as we work with our partners, so electronic payments will be available for all people of Myanmar," added Mr. Planell. [1] The six branches are Dawbon Hypermarket, Nay Pyi Daw Hypermarket, Htee Tan Supermarket, North Dagon Supermarket, Aung San Stadium Supermarket and North Okkalapa Supermarket. [2] “The Impact of Electronic Payments on Economic Growth” by Moody’s Analytics commissioned by Visa. URL [3] VisaNet Data, Q4 FY15 From left: CB Bank’s Head of Card and Merchant Services Zayar Aung, Managing Director Thein Zaw Tun, Visa Country Manager for Myanmar Arturo Planell (center), Capital Hypermart’s COO Abdul Latip Bin Isnin and General Manager Thwe Thwe Moe celebrate the first electronic payments at Capital Hypermart’s Dawbon branch in Yangon using Visa card

Premier coffee celebrates 10-year anniversary

Yangon, Myanmar, 10 December 2015 - Premier Coffee first became popular in Myanmar with “Premier 2 Plus 1” instant coffee mix. Now, Premier Coffee is the number one instant coffee brand in Myanmar. Unlike other instant brands, 2 Plus 1 coffee packets include fine-ground coffee powder mixed with creamer and sugar. Unique among instant coffee brands, “Premier 2 Plus 1” was designed to produce the same taste as brewed coffee. In 2005, “Premier 3 in 1” was introduced and quickly became the market leader, out-performing all other instant coffee brands. This year, “Premier Coffee” is entering its 10th year of operations and maintains its position as the best-selling coffee brand in the Myanmar market. Premier Coffee is a branch of Capital Diamond Star Group, under the responsibility of FMCG division, with 31 branch offices and many distribution centers all over the country.

Fullerton Myanmar welcomes IFC’s investment, expanding access to microenterprises

Yangon, Myanmar, 7 December 2015— Fullerton Finance (Myanmar) Company Limited (“Fullerton Myanmar”), a licensed microfinance company in Myanmar, announced that IFC, a member of the World Bank Group, has made a $1.2 million equity investment in the company to help the microfinance provider expand lending to smaller businesses and individual borrowers. Myanmar’s financial system is in an early stage of development. Just 30 percent of Myanmar’s adult population has access to formal financial services. The growth financing demands from micro, small, and medium enterprises (MSMEs) remain high, as access to affordable long-term non-collateralized loans is extremely limited. IFC’s funding will help Fullerton Myanmar address these financial gaps by extending more loans and providing responsible financial services to low-income borrowers and small businesses. Established in 2014, Fullerton Myanmar serves MSME customers through branches located in the 3 regions of Yangon, Ayerwaddy and Mandalay. The company runs a dual urban/rural microfinance program through an innovative use of technology in the field to improve productivity and turnaround time. It aims to grow its customer base 20 fold from 10,000 customers to 200,000 customers by 2021. “We welcome IFC’s investment as Fullerton Myanmar continues its strong growth momentum. As we build a sustainable business, we are looking to help our customers grow their own enterprises. Fullerton Myanmar remains focused on adopting industry best practices and using modern technology to efficiently reach urban and rural customers in Myanmar,” said Gan Chee Yen, CEO of Fullerton Financial Holdings. As the majority shareholder of FFMCL, Fullerton Financial Holdings (“FFH”) brings about capital, management experience, knowledge and technical know-how and human capital development to FFMCL. Through working with local partners, FFH aims to increase financial inclusion and improve credit access across countries that it operates in. Capital Diamond Star Group (“CDSG”), the other shareholder in Fullerton Myanmar, is one of Myanmar’s most respected and prominent conglomerates. In addition to participating as an equity investor in FFMCL, CDSG will also leverage its extensive local network and know-how to advance FFMCL’s objectives. “CDSG is very pleased to welcome IFC as a partner in FFMCL,” said U Ko Ko Gyi, Managing Director of Capital Diamond Star Group (“CDSG”). “It is our intention that FFMCL will encourage and support grassroots level entrepreneurship and bring prosperity to Myanmar,” he added. As an industry leader in responsible microfinance, IFC works with more than 100 institutions in over 60 countries. Since pioneering commercial microfinance in the early 1990s, IFC has continued to lead innovation in microfinance, using developments in technology, financial products, and policy to help financial institutions provide accessible financial services. “It is important for microfinance institutions to be well capitalized, creating a strong foundation for the necessary investment in risk management systems, staff, and product development in order to provide a full menu of products and services to underserved segments of the market,” said Marcos Brujis, IFC Global Director for Financial Institutions Group. This is a second investment IFC made in a greenfield microfinance institution. These long-term commitments highlight the World Bank Group’s support for Myanmar’s goal of increasing financial inclusion from 30 percent in 2014 to 70 percent by 2020. Globally, the World Bank Group’s universal Financial Access Initiative works to expand access to one billion of the world's unbanked by 2020, seeing microfinance as key to ensuring that people worldwide have sustainable and affordable means to manage their financial lives. IFC, together with the World Bank, is supporting reforms and investments in Myanmar to strengthen the private sector and create jobs to reduce poverty and boost shared prosperity. IFC is working with the government and the private sector to improve the country’s investment climate, access to finance, and infrastructure, with an initial focus on the power and telecommunications sectors. About IFC (“IFC”) IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence, to create opportunity where it’s needed most. In FY15, our long-term investments in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the global effort to end extreme poverty and boost shared prosperity. For more information, visit

Construction of the Sein Kyu new school building and Opening Ceremony

On 27 July 2015, after completing construction, CDSG held the opening ceremony for Sein Kyu, a new three-story building at Basic Education Elementary School No. 27 in Mandalay. After the official ribbon cutting, the donors gave a welcoming speech to all, gathered and officially transferred their donation documents to the Headmistress and school management.

Striking Ceremony of “Mahar Lawka Parla” Pagoda

CDSG held the Foundation Laying Ceremony of the Mahar Lawka Parla Pagoda on 26 July 2015, in Pyin Oo Lwin City, Mandalay Division. As part of the ceremony, the devotees kept Sabbath, donated to Sanghas (a Buddhist monastic order) and the Sanghas (monks) preached Paritta. Upon completion of the religious ceremonies, the devotees proceeded to the enshrinement for the foundation-laying stages of the ceremony.
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