Thailand Kasikornbank focuses on wealthy business owners in Laos and Myanmar

Kasikornbank (KBank) aims to target affluent customers in neighbouring countries as part of its efforts to push towards 10% growth in assets under management (AUM) for its wealth management business this year.  Laotian business owners key Executive vice-president Pakorn Partanapat said wealth among Laotian business owners is increasing, propelled by their dynamic economic growth. This […]

Number Of Myanmar’s Ultra-Rich Could Grow 687% In One Decade From 40 To 307

Just like Myanmar’s economy that is projected to multiply from the current $45 billion up to more than $300 billion by 2030, the number of super-rich in the poor Southeast Asian nation is set to increase at least six-fold in the coming decade, as the country embraces political and economic reforms. There are only 40 […]

Rich Myanmar people shun Yangon’s property boom to Invest in London

Burma’s richest citizens are taking their money out of the country and investing in upmarket property in London. While foreign investors queue to get into Asia’s so-called “last economic frontier,” millions of dollars are flowing out and into bricks and mortar in the capital of the former colonial rulers, a survey has disclosed. The volume […]