fbpx

Despite President’s pledge, credit still inaccessible for SMEs

Myanmar will launch its first credit bureau within the next month, President U Win Myint said during his Myanmar New Year speech last week. But industry insiders warn that the move would not bring immediate benefits to the country’s small and medium enterprises (SMEs). According to the President, the inaugural credit bureau should commence in […]

Myanmar seeks Malaysian FDI in energy, plantations

MYANMAR is seeking more foreign direct investment (FDI) inflows from Malaysia to help develop its key economic sectors. Malaysian conglomerates have been called to capitalise on the country’s increasing demand for electricity and vast areas of untapped land by bidding for energy projects and expanding oil palm cultivation capacities in Myanmar. Former Deputy Finance Minister […]

First Private Bank may mull delisting from the YSX

First Private Bank (FPB) appears to be mulling a delisting from the Yangon Stock Exchange (YSX) at a time when many more companies are needed on the bourse to boost trading and develop more robust capital markets. Among the 11 general resolutions passed during the company’s 26th Annual General Meeting on August 27 was one […]

No more empty stocks: Contraceptives reach rural women thanks to pioneering logistics system

It is in the late afternoon when Nan Aye Aye Lwin visits the Nam Khoke Rural Health Centre, after walking the three hours from her little hamlet. Nan Aye Aye Lwin comes with anxiety. She already has two children and does not wish to bear another for the time being. She wants contraceptives. But having […]

Yangon Stock Exchange to open amidst suspicion

Many analysts believe the Yangon Stock Exchange, which will be fully operational by March this year, is opening with unfair advantages and possible conflicts of interests. The Yangon Stock Exchange (YSX) automatically entered the US sanctions blacklist as the Myanmar Economic Bank, an entity already sanctioned by the US Treasury Department’s Office of Foreign Assets […]

Myanmar anticipates good prospects after opening of AIIB

Myanmar is anticipating good prospects after the opening of China-initiated Asian Infrastructure Investment Bank (AIIB), a finance official said here Thursday. “Our expectation and view on the opening of the AIIB are good and clear, that was why we participated as a founding member. The AIIB is assumed as a dependable bank which supports regional […]

Stock exchange could catch Vietnam: deputy minister

Yangon Stock Exchange has good prospects and is likely to catch up with Vietnam’s stock exchange within three years, according to Dr Maung Maung Thein, deputy finance minister. Established in 2000, the Ho Chi Minh City Securities Trading Centre is the largest stock exchange in Vietnam. In 2010, it listed about 250 companies with capital […]

Marsh Opens Myanmar Rep Office to Tap Insurance Broking Business

American insurance broking and risk management firm Marsh has opened its Yangon representative office in Myanmar. The Marsh Singapore Yangon Representative Office will conduct market research and feasibility studies for insurance broking business in Myanmar, and provide business support and liaison activities on behalf of Marsh Singapore’s businesses, the company said. Marsh Singapore is a […]

JLT to Provide Reinsurance Service in Myanmar

Jardine Lloyd Thompson (JLT) plans to offer reinsurance services to state-run Myanmar Insurance Enterprise (MIE), the British insurance firm said after it opened its representative office in Yangon on September 12. The company joins a growing list of international insurers that have established local offices in Myanmar after the country opened its doors to foreign […]

Underwriters under the microscope

The chosen firms are now being vetted by other government departments to ensure they are being funded through clean money, he said in an interview yesterday. Dr Maung Maung Thein also declined to announce which firms have been selected, saying only that the information will be available on October 1. A total of 20 applications […]