Western Union launches outbound money transfer service in Myanmar

WESTERN UNION, a global payment services provider, has launched Myanmar’s first outbound money-transfer service, three years after launching inbound services. Patricia Riingen, the firm’s senior vice president for Southeast Asia and Oceania, said the target consumers would be people aged from 25 to 60 who are active on social media and have international exposure (either […]

Over-the-counter share prices rise ahead of new stock exchange launch

As investors await the first listings on the Yangon Stock Exchange, the price of over-the-counter shares in a number of well-known public companies has risen, amid expectation that the companies will list on the country’s first modern bourse. Workers prepare the new Yangon Stock Exchange building for today’s launch. Photo: Aung Myin Ye Zaw / […]

Global Treasure Bank swims into private sector competition

Global Treasure Bank plunged into more than a new name in 2013, when it shed its former identity as the state-owned Myanmar Livestock and Fisheries Development Bank and began building itself as a private-sector bank. Still, re-orienting from being a state-run bank under the Ministry of Livestock, Fisheries and Rural Development to one that is […]