In Myanmar, buying cars and homes with gunny sacks full of cash

Banks have even received deposits of S$10 million in bills, in a country where most still prefer cash in hand over credit. But could mobile wallets change all that? YANGON: At banks in Myanmar, it’s not unusual to see people lugging huge and heavy gunny sacks into the lobby. Once inside, they’ll split open the […]

Internet connection: Corporate website index released

Corporate websites provide a window to examine business practices, but their quality is still a mixed bag in Myanmar, according to a report by the Myanmar Centre for Responsible Business (MCRB). KBZ Bank and Max Myanmar came out on top of a rankings list that looks at the amount of information firms provide in key […]

Myanmar growing at breakneck speed

When Singapore lawyer Chester Toh starting working in Yangon, Myanmar’s commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it’s a 45-minute slog through increasingly clogged streets. Call it the price of progress, or reform to be more exact. Toh, a partner at law firm Rajah & Tann, told The […]