Daiwa’s stock underwriter bid raises finance industry’s eyebrows

Japanese securities company Daiwa Securities Group has entered a bid for an underwriter licence along with its Myanmar partner, prompting some observers to question whether the firm and its sister companies may be positioned for too much control on the forthcoming Yangon Stock Exchange. The firm submitted a bid by March 6 to be an […]

Experts move against money laundering

The government has formed a committee to combat money laundering in the country, aiming to get off a list of the world’s worst offenders. Experts from 15 different institutions including government ministries as well as the Central Bank and Supreme Court were named to the Anti-Money Laundering Central Board last week. The board’s joint secretary […]

Burmese Tycoon Tay Za Under Scrutiny

By Jared Ferrie Myanmar tycoon Tay Za leans back and fulminates against the U.S. government as a playful pet bear cub scrambles up his alligator-skin chair. “They are world police,” he says, complaining that U.S. sanctions are stifling his businesses and officials are scrutinizing his every transaction. As Tay Za speaks, attentive staff intervene occasionally […]