Myanmar to Grant Licences for More Types of Insurance ‘Soon’ as Industry Liberalises

Myanmar finance authorities have submitted a pro­posal to the government on seeking permission to grant operation of all types of insurance servic­es to the private sector. Licenses for all 40 types of insurance plus addi­tional farmers’ insurance and overseas employment life insurance are expect­ed to be granted by the government soon, said U Kyaw Win, […]

Myanmar heads for liberalizing all types of insurance services

Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector. Running of all 40 types of insurance plus additional farmers insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, […]

Yangon bourse gets set for first listing

YANGON • Myanmar’s new stock exchange plans to have its first listing on March 25, the deputy finance minister told Reuters yesterday, more than three months after it was launched. The South-east Asian country’s economy has been devastated by nearly 50 years of military rule. Rapid reforms since the junta handed over power in 2011 […]

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 […]

Myanmar’s stock exchange facing delays

Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project. “We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. […]