Up to eight insurance JVs expected in Myanmar this fiscal year: officials

Six to eight foreign insurance providers are expected to enter the Myanmar market via joint ventures with local providers this fiscal year, U Thaung Han, secretary of the Myanmar Insurance Association (MIA) and chair of CB Insurance told The Myanmar Times. On January 2, the Ministry of Planning and Finance (MOPF) officially permitted foreign insurance […]

Myanmar steps up financial reforms

The government of Myanmar is finally putting its long-anticipated plans for economic liberalisation into overdrive. In the past few weeks it has announced numerous reforms — including insurance liberalisation and further easing of restrictions on foreign banks, the establishment of a credit rating bureau and the formation of a “project bank” to encourage investment, especially […]