Govt green lights financial supervisory body

The government has authorised the formation of a supervisory department under the Ministry of Finance to regulate banks, insurance companies and micro-credit firms, deputy finance minister Maung Maung Thein said.

“We have received approval to form a financial supervisory department,” he said, adding that the micro-finance department under the ministry had been re-organised into the financial supervisory department.

“Their main task will be to scrutinise micro-finance firms, insurance companies, the stock exchange and state-owned banks,” Maung Maung Thein said. He added that although the department had been authorised its structure had yet to be finalised and he did not even know how many people it would comprise.

He said, however, that they would include representatives of banks, insurance companies and micro-finance institutions.

State-run Myanma Insurance will continue to oversee the country’s 12 private insurers, officials said.


NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.


To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page “Actual Sample of Client Report”. Click here to go to page.


Do you know that IE Singapore is giving ≤ SGD 20, 000 support under the MRA Grant and > SGD 20,000 under the GCP Grant for Singapore companies to venture into Myanmar? To learn more click here.