German firm to advise central bank of Myanmar on licensing foreign lenders

Amid the ongoing liberalization of Myanmar’s financial sector, the central bank has hired a German consulting firm to provide advisory services on the process of awarding licenses to foreign banks looking to do business here. The Central Bank of Myanmar (CBM) announced on Tuesday that Germany’s Roland Berger Company Limited was chosen from among four […]

Myanmar’s insurance sector set for help from Japan

TOKYO — Myanmar will flesh out its insurance industry with Japanese guidance and personnel support on crafting rules and products, hoping to develop a potentially lucrative market. Along with its healthy economic growth, cars are rapidly spreading in the Southeast Asian nation of more than 50 million, making it fertile soil for insurance. Myanmar, which […]