KBZ Bank crowned Finance Asia’s ‘Best Bank in Myanmar’

Kanbawza Bank was named “Best Bank in Myanmar” by London-based Finance Asia at the awards ceremony of “The Finance Asia: Country Awards for Achievement 2016” held in Singapore yesterday. Organisers said KBZ Bank won the award because it had the highest amount of deposits in the 2015-2016 fiscal year, provided businesses with highest number of […]

Tin mining – Cornish dreams and Myanmar reality: Andy Home

LONDON, Aug 22 (Reuters) – Hope springs eternal in Cornwall when it comes to reviving tin mining in this southwestern corner of the United Kingdom. Canada’s Strongbow Exploration is the latest to try to rekindle the dying embers of what once was one of the world’s largest tin-mining hubs. It has just bought out of […]

Euromoney names KBZ Myanmar’s best bank

KANBAWZA Bank was awarded “The Best Bank in Myanmar-2016” by London-based economics magazine Euromoney, last Thursday at Island Shangri-Lan Hotel in Hong Kong, winning the award for the third year in a row. KBZ Bank was crowned Myanmar’s best bank after it managed to get the highest amount of deposit and make the highest profits […]

In Burma, a Fine Line Between CSR and Karmic Cash

RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]

From Oscars to Tuna Cans, Tin Gets More Expensive as Mines Quit

Smartphones, cars and a prolonged mining slump are creating tighter supplies of tin, a metal used mostly as solder for electrical circuits. Demand for tin remains strong from all sorts of manufacturers, from makers of food cans and building materials to iPads and Oscar statuettes. At the same time, big exporters like Indonesia and Myanmar […]

Armenians in Myanmar

YANGON, Myanmar — Myanmar is not the first destination that comes to mind while planning a vacation. It does not have the breathtaking skyline of Hong Kong or the amazing beaches of Thailand. It does not have the cultural gravitas of Paris or London. Until a friend had mentioned it, I had never thought much […]

Peninsula hotel owner plans to expand residential investment overseas

Hongkong and Shanghai Hotels, which owns 10 Peninsula hotels around the world, plans to expand its overseas residential developments for sale in a bid to finance part of its hotel expansion and bolster revenue. The group aims to include residential developments in London, Yangon in Myanmar, and possibly Bangkok. “It helps the investment we have […]

Yoma building international school in Yangon

YOMA Strategic Holdings on Tuesday announced that it has signed definitive legal agreements with Education Index Management (EIM) to design, build, and operate an international school within the group’s Thanlyin Star City development area in Myanmar. British College Yangon – which will cost about US$40 million to develop – is slated to open for the […]

British MP-Elect ‘Proud’ of Burma Heritage

LONDON — One of the most heated debates in the run-up to parliamentary elections in the United Kingdom last week was the country’s policies toward immigrants, with some voices calling for a less welcoming approach toward foreigners who want to make Britain their home. As wider Europe grapples with the issue, one man stands as […]

Gems lab angles for global recognition

A privately owned gems laboratory equipped with the latest technology opened its doors yesterday, but it will take time for the industry to receive international recognition, insiders say. Myanmar Gemological Laboratory will be able to provide a range of reports at a cost of K15,000 to K150,000 to identify natural or synthetic stones, including treatment […]