Sagaing set to sparkle with gems market

Sagaing businesspeople aim to capitalise on the city’s informal gems and jade trade by opening a formal gems market as soon as this year. The gems market will help eliminate illegal trade and bring revenue flows into the open, as well as operate as a business in its own right, according to U Aung Gyi, […]

Industry banks add to sector’s risk

With each new approval of an industry-focused bank, Myanmar’s banking sector becomes riskier. Instead of creating more banks, Myanmar should streamline its existing institutions to minimise the chance of a banking sector crisis, according to international advisers, who have warned the government against the systemic risks created by sector-specific banks. However, despite an already crowded […]