Experts call for stronger property laws in Myanmar

MYANMAR’S real-estate market would become more buoyant if regulations on pricing and related issues were to be strengthened, experts said recently. At the “Property Report Congress Myanmar 2016”, developers and bankers urged the government to improve infrastructure and regulatory reforms. Tony Picon, managing director of Colliers International Myanmar, said the country needed to control property […]

Foreign banks call for market access

Greater competition from international banks would encourage local lenders to move away from a small pool of high-net-worth clients to start offering products and services to those who need it most, said panellists at the Myanmar Banking and Finance Conference in Yangon yesterday. “If more foreign banks come into the market it will increase competition […]

Banks need incentive to take grain instead of gold

Two domestic banks have agreed to offer loans backed by commodities, allowing farmers to pledge items like beans and pulses as collateral for access to competitively priced financing for the first time. However, the appeal of warehouse receipt financing may be limited, as capped interest rates mean the lenders have little incentive to take on […]

For businesses in Myanmar, the promise is unfulfilled

Six years ago, Jon North started collecting data on Myanmar. He bought maps, secured satellite imagery and started scouting. He has travelled the world kicking rocks, and liked what he saw in the Southeast Asian nation. A banana-shaped arc of young volcanic rock curves through the Southwest Pacific, and its gold deposits have fed rich […]

Yoma Bank Selects Misys for Banking Transformation

Local lender Yoma Bank said it has selected British financial software maker Misys to overhaul its core banking system. Misys will help the bank expand its current services to launch online banking and upgrade the existing branch functionality through its “Fusion Banking Essence” software package, the firms said in a statement. Yoma Bank, one of […]