British lend a hand on governance

The United Kingdom aims to assist with developing corporate governance standards, holding a workshop at Yangon business association UMFCCI’s headquarters from November 18 to 20. UK Ambassador Andrew Patrick said at the meeting’s launch that Myanmar is the fastest-growing economy in region, spurred on by its economic reforms, though he added that challenges remain. Improvement […]

IFC provides local bank US$ 5 million for trade financing

YANGON—The International Finance Corporation announced on Tuesday that it has provided a US$ 5 million trade finance facility to locally-owned Myanmar Oriental Bank Limited that will allow the bank to help local companies increase their imports and exports, generate more foreign exchange, and create jobs. This facility will enhance MOB’s capacity to cover the payment […]

Legal reforms significant, but work remains

Strenghtened laws and regulations and continued government reform made Myanmar the world’s most improved country for doing business in, UK-based global risk analytics firm Maplecroft found in a report released on January 8. Myanmar last year made progress in tackling corruption, weak rule of law, respect for property rights and controls on corporate governance, the […]

Myanmar aims to set up its first stock exchange by 2013

Myanmar government is pushing hard to set up its first stock exchange in order to build up their capital markets. YANGON: Myanmar hopes to set up its first ever stock exchange before the end of this year. It expects Parliament to pass the Security Exchange Law within this month during the current session. Myanmar wants […]