Myanmar President Orders Mining Firms to Publish Contracts, Boosting Transparency

<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> YANGON — Myanmar’s president has instructed the government, state-owned enterprises and private companies involved in the country’s extractive sector to publicly disclose any contracts from Jan. 1. The President’s Office stated that all parties must follow “contract transparency”, starting on New Year’s Day, in collaboration with Myanmar […]

AYA Bank, AYA SOMPO Insurance and AIA Myanmar launch Groundbreaking Strategic Bancassurance Partnership

The collaboration aims to increase protection and drive insurance penetration in Myanmar. This strategic partnership will enable life, health and general insurance solutions from AYA SOMPO Insurance and AIA Myanmar to be offered across AYA Bank’s extensive branch network throughout the country. U Myint Zaw, Managing Director of AYA Bank, said, “This partnership is an […]

WaveMoney, Yoma Bank collaborate to extend collateral-free loans

Wave Money has officially announced a collaboration with Yoma Bank Ltd to boost the development of micro, small and medium enterprises (MSMEs) in Myanmar. Through the collaboration, Yoma Bank provides unsecured, instant credit to Wave Money agents to help these agents operate their businesses more productively. Wave Money is a joint venture between telecommunications company […]

KBZ Bank signs loan agreement with Cathay United

Kanbawza (KBZ) Bank and Taiwan-based Cathay United Bank (CUB) have signed an agreement on monetary cooperation to pay out more loans for to help Myanmar businesses expand, according representatives of KBZ Bank. On January 13, Nang Leng Kham, executive director of Kanbawza Bank Ltd and Mr Aaron Hung, general manager of CUB signed the agreement […]

Dawei Special Economic Zone calls for Japan’s collaboration

Efforts are being made to include Japan as a strategic partner for the Dawei Special Economic Zone Project with the purpose of obtaining clean coal technology to supply electricity, according to the Dawei Special Economic Zone Management Committee. Dawei Special Economic Zone (SEZ) and deep sea port project was started in 2008 attracting criticism and […]