Mandalay taps British expertise for higher education

MANDALAY, Myanmar’s second largest city, is expected to become the country’s northern economic hub over the next two years. Yet, skills and talent in the city still lags behind Yangon and many cities in ASEAN. The brain drain and skills shortage are dragging its economic growth. But Ko Ye Tun Min, founder of the Mandalay […]

Over 570 business tax evaders uncovered in Mandalay

More than 570 businesses in Mandalay were found to be remiss in paying their taxes and were given ultimatum by an internal revenue inspection team to settle their arrears immediately, a senior revenue official said on Monday. U Aung Moe, deputy director of Internal Revenue Department in Mandalay, said the erring businessmen were uncovered during […]

Thailand Kasikornbank focuses on wealthy business owners in Laos and Myanmar

Kasikornbank (KBank) aims to target affluent customers in neighbouring countries as part of its efforts to push towards 10% growth in assets under management (AUM) for its wealth management business this year.  Laotian business owners key Executive vice-president Pakorn Partanapat said wealth among Laotian business owners is increasing, propelled by their dynamic economic growth. This […]

Capital-hungry Myanmar firms cautiously drawn to Singapore listings

“Many Myanmar business owners admire the reputation of Singapore Inc and look forward to raising their own prestige that comes with a Singapore listing,” said Kim Huat Chia, head of corporate & capital markets at Singapore law firm Rajah & Tann. But hurdles to successful offerings are high. Singapore’s bourse says while it has seen […]