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India to help Myanmar in insurance laws

The General Insurance Corp of India (GIC) will assist Myanmar authorities in amending laws related to insurance and reinsurance and in expanding insurance services in the country, authorities said here on Thursday. Reinsurance is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood […]

Wellingtonians carving out family life in Myanmar

Somewhere on the edge of Yangon, Myanmar some children speaking a variety of languages are playing in a pool. Two women sit watching the children play. Both are Wellingtonians, living in Myanmar where their husbands work, getting used to bringing up children in a culture far removed from their own. It’s the life of expat […]

Rich and poor donate gold for next life

The 41-year-old car accessories salesman, who runs a modest business in the city’s Mayangone township, has for the past 15 years religiously allocated a share of his daily profit to the tin. “I never forget to save money for donation,” he says, pointing to the box on an altar beside a small statue of the […]

What does an 80% mobile penetration in 3 years mean for the Burmese people?

President Thein Sein has set as a target to grow mobile penetration from the current single digit penetration to 80% in 3 years. What does that mean in terms of the number of mobile phone that need to be sold per year to hit the 80% target? What is the impact of the entrance of […]