Gems and minerals bank to register in September

The creators of a new bank to service the gems and minerals sector will apply for a licence this month, spokesperson U Thet Naing told The Myanmar Times. If licenced, the new bank will add to a number of sector-specific banks that have opened over the past couple of years, including the Construction and Housing […]

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 […]