MICT invites EOI “Financial Management Specialist (Local)”; Closing Date: Dec 4, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The Ministry of Communications Information Technology (MCIT) now invites eligible individual consultants to indicate their interest in providing the financial services which include supporting the Ministry of Communications Information Technology (MCIT) in all financial management (FM) aspects of […]

Mizuho Bank Open for Business

Japan-based Mizuho Bank has opened their first branch in Yangon on August 3, marking the bank’s official entrance into the country. The lender is one of the largest financial services company in Japan, with over $1.6 trillion in assets. It was one of nine international banks that received licences in October last year to operate […]

Maybank looks to the future

The Myanmar Times speaks with Maybank’s Pollie Sim after it was announced the Malay outfit won one of the coveted foreign banking licences. Why do you think Maybank was selected over the other competitors, particularly over its two Malaysian rivals in the race? We believe that being a leading regional financial services leader, our regional […]

US Exim Bank Raises Hopes in Myanmar With Credit Offer

YANGON — Local businesses are hoping for more foreign investment in Myanmar, after the Export and Import Bank of the United States (Ex-Im Bank) began offering credit for trade with the country last week. US businesses are considering their options in Myanmar, after staying away for over a decade due to economic sanctions imposed on […]

More than 50 firms to join India show in Myanmar

YANGON—More than 50 companies from various sectors in India will participate in the second Enterprise India show to be held in Tatmadaw Hall, Yangon, from January 16-18, according to the Indian Embassy. The exhibition of Indian products and services, which will be organised by the Confederation of Indian Industry (CII) and the Embassy of India, […]

Foreign Bank Operations by 2014 “Unlikely”

Foreign banks will be allowed to operate financial services in Myanmar, but this issue is still under discussion and no exact time has been set, a top official from the Central Bank of Myanmar said. “We are still holding dialogues about the issue [of foreign banks operating in Myanmar]. The reports that foreign banks will […]

Joint Ventures, Branch Offices First on Offer to Foreign Lenders: CB Official

YANGON — An easing of restrictions will likely allow foreign banks to enter into joint ventures with local lenders and open branch offices in Myanmara, according to Khin Saw Oo, deputy governor of the Central Bank. Responding to a report from Reuters that Myanmara would allow some foreign banks to start offering limited financial services […]

Planning for the Future American law firm opens in Yangon

An American law firm which recently opened an office in Yangon says it is poised to announce investment deals between some of its US clients with leading Myanmar companies. The deals were foreshadowed by Mr Eric Rose, lead director of New York-based Herzfeld Rubin Meyer & Rose (HRMR), which says it is the first licensed […]

Myanmar sees 21% increase in export earnings

The Ministry of Commerce reported a 21 percent jump in the country’s export earnings between April and September 2013. Myanmar earned US$ 5.68 billion from exports, which is up from US$4.69 billion in the same period last year. Strong agricultural and industrial exports are among the key factors behind the surge in Myanmar’s earnings. The […]