Mobile money regulations released

The Central Bank of Myanmar has released regulations on mobile financial services, widening a market previously limited to banks to include non-banking financial institutions. The Central Bank announced yesterday that it had issued rules on mobile financial services at the end of last month to build an enabling regulatory framework for efficient and secure mobile financial services […]

Companies prepare for Yangon Stock Exchange listings next year

Preparations are underway for the first companies to attempt a listing on the Yangon Stock Exchange early next year, though progress is slower than expected, as only the name of one securities company has so far been announced. The names of six companies that meet – or are close to meeting – listing criteria issued […]

Yangon Stock Exchange 10 underwriter names leak

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The YSE will be launched on 9th Dec 2015. The name of the 10 firms that leaked out are: AYA Bank’s wholly owned subsidiary, AYA Trust Securities Company. Aya Bank is owned by U Zaw Zaw of Max […]

Private Banks need to prove they are clean as only 12 out of 22 in the top taxpayers list

Of the 22 private banks in Myanmar, only 12 have been listed as top taxpayers, according to the Ministry of Finance and Revenue. According to documents covering the 2011-2012 fiscal year, only 10 private banks are included on the official top 100 income taxpayers list. Only 12 private banks are included on the official top […]