Improved financial practices crucial for small business

Access to finance is frequently identified as the largest barrier for small and medium enterprises, but often they do not have their own fiscal house in order to receive this finance. Small and medium enterprises (SMEs) must improve their reporting and accounting framework in order to inspire confidence in banks, according to Thomas Foerch, working […]

Flavoured life for expats in Myanmar

Some foreigners may be fretting about living in Myanmar. Being one of the poorest countries in the world and having just reopened to the world a few years ago, the country was believed to be in a terrible state. Three expats interviewed by Myanmar Eleven, however, think differently. They have a high opinion of the […]

Foreign bank licences likely to be named by July

The Central Bank of Myanmar (CBM) will likely name the first group of foreign banks to be given independent operating licences by July as they prepare to bring in financing experts to narrow down the selection, a Central Bank official said. A deputy governor of the Bank, who requested not to be named as they […]

Standard Chartered Bank launches community programme in Myanmar

The Standard Chartered Bank says it will invest in a community programme in Myanmar aimed at strengthening the Southeast Asian country’s capacity for social development and employment. The bank will work with international and local non-governmental organisations (NGOs) to implement the programme with an emphasis on education and health. “In addition to what we are […]