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MAB launches wealth banking service as competition rises

Myanmar Apex Bank (MAB) has launched a special wealth banking and rewards programme – MAB Gold Wealth Banking – for high net worth individuals in Myanmar. For now, the platform is targeting those who have the cash to place a minimum fixed deposit of K300 million as potential clients. Interest rates for fixed deposits are […]

Cheap SIM cards come down to luck of the draw

Long-awaited cheap SIM cards to be released on April 24 will be sold through a “lucky draw” in Yangon – a system some say will facilitate corruption. Yangon has been allocated 119,000 of the 350,000 CDMA SIM cards that the Union Government has promised to sell to the public each month. Of its allotment, 30,000 […]