Central Bank Looks to Mobile Banking to Ramp Up Financial Inclusion

RANGOON — The Central Bank of Myanmar (CBM) revealed on its website on Monday the official rules and regulations for mobile financial service providers (MFSPs), seen by observers as a way to reach more rural customers throughout Burma. The regulations detail the application requirements, such as how to acquire a registration certificate and pay relevant […]

Daiwa liquidates advisory subsidiary

A subsidiary of Daiwa Securities called Myanmar Corporate Strategic Advisory will be liquidated in order to allow the Japanese group to focus on its role as an underwriter and broker on the Yangon Stock Exchange, a company official said yesterday. MCSA, which is fully owned and controlled by Daiwa Securities Group, has been operating as […]

Uncertain Political Landscape Causes Further Instability to Kyat

RANGOON — An already-unstable exchange rate dropped again this week in the local market due to less demand, a change observers attributed to uncertainty ahead of Burma’s presidential nominations in Parliament. While the Central Bank’s rate remains at 1,230 kyats to one US dollar, the unofficial rate on the local market has dropped from 1,240 […]