Strengthening Myanmar’s banking sector is key to economic growth

Central to Myanmar’s economic development is the reform of its finance sector and specifically its banking sector. Banks play a fundamental role in the transformation of market economies. Recently the government has enacted a series of laws intended to reform and strengthen its banking institutions to restore investors’ confidence and to make capital more accessible. […]

MasterCard with Myanma Apex Bank launch prepaid card

MasterCard and Myanmar’s Myanma Apex Bank have partnered to launch a prepaid MasterCard the enterpriseinnovation.net website reported on 22 July. The MAB Travel Prepaid MasterCard aims to provide Myanmar customers with an easier way to pay for purchases during their travels or make online purchases. The latest MasterCard survey on Consumer Purchasing Priorities – Travel […]

Kanbawza Bank pays Ks 22 billion in advance tax

Kanbawza Bank Ltd, the largest private bank in Myanmar, has paid Ks 22 billion (US $ 22 million) in advance tax for the fiscal year 2014-15, according to its chairperson Aung Ko Win. The bank topped the list of income-tax paying companies in 2012-13 after paying Ks 10 billion (US$ 10 million) for income tax […]

Public Shares in Thilawa SEZ to Go on Sale Next Month

YANGON — Myanmar Thilawa SEZ Holdings Public Ltd announced it will issue shares for sale next month in order to raise about US $21 million to fund the first phase of the Burmese-Japanese Thilawa Special Economic Zone (SEZ) near Yangon. Set Aung, a government official who chairs the Thilawa SEZ Management Committee, and Win Aung, […]