IMF urges govt to control domestic bank licences

The International Monetary Fund (IMF) has urged Myanmar to control the issuing of banking licences to minimise risks with the pending arrival of foreign banks to the country. The IMF mission chief Matt Davies said on June 17 that the issuance of new domestic licenses must be carefully controlled in order to allow regulation and […]

Asian business leaders keen to merge Myanmar human resources with Japanese technologies

YANGON—Asian business leaders are keen to see Myanmar merge its human resources with Japanese technologies, the chairperson of the Asia Business Leaders Association (ABLA) told an investment seminar held on Saturday. The seminar, organized by the Myanmar-Japan Friendship Association, was aimed at encouraging Japanese businesses to invest in Myanmar. It was also a chance for […]

Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts

Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]