Officials seek to calm investor concerns at conference

Campaigning is now under way ahead of the November 8 election, and business are wary of political considerations which may affect their plans in Myanmar. Government ministers and senior advisors have sought to downplay these concerns, likening the vote to just another sea to be crossed, and pointing to the country’s long-term potential. U Zar […]

Central Bank Needs More Independence: MP

The Central Bank of Myanmar still can’t carry out many basic tasks without government intervention despite the enactment of the Central Bank Law, which allowed the financial regulatory body more freedom, a member of the parliament said. The Central Bank of Myanmar (CBM) Law was signed by the president, U Thein Sein, on July 11, […]

Myanmar to amend 23-years old financial institutions law

Myanmar will soon amend its 23-years old financial institutions law, according to officials at a recent press conference. The conference was held on October 5 at the office of the Myanmar Banks Association. “The law is too old as it was enacted in 1990. That’s one reason. And the country has made many changes in […]