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Large Corporations Dominate ‘TiME’ Transparency Ranking

The private sector is leading the way in terms of corporate transparency and disclosure, according to the latest Transparency in Myanmar Enterprises (TiME) report by the Myanmar Center for Responsible Business (MCRB). In the 2019 report, known in Burmese as “Pwint Thit Sa”, seven of the country’s leading companies, including its largest retailer City Mart […]

A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

Promise and hurdles for foreign investment in Myanmar

Having keen observer and participant in the Myanmar’s transition since socio political changes commencing in 2011, it came as no surprise to those that know me, when I wrote a number of articles on the importance of sound Corporate Governance. As a serial entrepreneur, Myanmar represented a frontier market that was open for investment with […]

British lend a hand on governance

The United Kingdom aims to assist with developing corporate governance standards, holding a workshop at Yangon business association UMFCCI’s headquarters from November 18 to 20. UK Ambassador Andrew Patrick said at the meeting’s launch that Myanmar is the fastest-growing economy in region, spurred on by its economic reforms, though he added that challenges remain. Improvement […]

IFC provides local bank US$ 5 million for trade financing

YANGON—The International Finance Corporation announced on Tuesday that it has provided a US$ 5 million trade finance facility to locally-owned Myanmar Oriental Bank Limited that will allow the bank to help local companies increase their imports and exports, generate more foreign exchange, and create jobs. This facility will enhance MOB’s capacity to cover the payment […]

Legal reforms significant, but work remains

Strenghtened laws and regulations and continued government reform made Myanmar the world’s most improved country for doing business in, UK-based global risk analytics firm Maplecroft found in a report released on January 8. Myanmar last year made progress in tackling corruption, weak rule of law, respect for property rights and controls on corporate governance, the […]

Myanmar aims to set up its first stock exchange by 2013

Myanmar government is pushing hard to set up its first stock exchange in order to build up their capital markets. YANGON: Myanmar hopes to set up its first ever stock exchange before the end of this year. It expects Parliament to pass the Security Exchange Law within this month during the current session. Myanmar wants […]