Kanbawza Group eyes OTC market

Kanbawza Group is hoping to set up its own OTC market next year, with two of its entities already granted separate licences to operate as an underwriter and settlement bank for Yangon’s new stock exchange. The group is hoping to set up an OTC market early next year, and is looking for companies to collaborate […]

Red tape cut allows exporters to skip on taxes

The Ministry of Commerce has cut red tape on exports, but some unscrupulous exporters are taking advantage of eased restrictions to avoid taxes, officials say. Exporters were previously required in some instances to show proof that foreign buyers had deposited money in foreign accounts to pay for the goods they were purchasing. However, Myanmar traders […]