Taking stock of StanChart’s absence

Some local bankers are linking Standard Chartered’s decision not to proceed in the race for a Myanmar banking licence to reports of a possible management shakeup at its United Kingdom headquarters. Industry observers said the United Kingdom-based bank has the most international reach of the 42 banks with a Myanmar representative office. However, Standard Chartered […]

Tun Foundation Bank upgrades online systems

TUN Foundation Bank signed a deal last week to purchase Oracle’s state of the art Flexcube Core Banking system, which provides for internet, smartphone and SMS banking services. Bank chairman U Thein Tun said the move will put Tun Foundation Bank at the forefront of the Myanmar banking industry as it looks to embrace new […]