US Tech Firm Diebold Nixdorf Opens in Myanmar

​​ DIEBOLD NIXDORF, a leading US tech firm with a presence in more than 130 countries, announced the opening of its office in Myanmar’s commercial hub. Neil Emerson, the firm’s senior vice president and managing director for Asia Pacific, said that its customers’ positive feedback and satisfaction drove them to establish an on-the-ground presence in […]

First Private Bank Cleared for Listing

​​ First Private Bank will become the fourth firm to list on the Yangon Stock Exchange this month. The lender, which claims the oldest banking licence in Myanmar, has published its finances, expansion plans and fears ahead of the listing – offering a window into the challenges facing the country’s smaller banks at the start […]

Myanmar welcomes US move to ease more sanctions

YANGON – A US decision to pare back economic sanctions on Myanmar could unclog investment as the country claws its way out of poverty, Aung San Suu Kyi’s civilian government said Wednesday, welcoming the move. Suu Kyi’s party took power in March after clinching a majority at last year’s election, the freest in generations for […]

Burmese Banks Fret Over Foreign Competition

YANGON — Private Burmese banks are calling on the country’s Central Bank to be more transparent in plans to grant limited operating licenses to foreign banks next month. After decades of isolation under a military junta, Myanmar’s banking sector is opening to foreign competition in a bid to attract foreign investment into the economy. Executives […]