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Armed robbery at KBZ bank in Myeik

Myeik – An armed, helmeted man robbed a KBZ mini bank in Myeik on Tuesday afternoon, threatening employees and then escaping with about K27 million. “We are still investigating the case. He came into the bank alone and stole money by threatening employees with a gun. We are trying to arrest him. We have CCTV […]

Insurance liberalisation must strike delicate balance in Myanmar

Insurance is normally a highly competitive industry, but in Myanmar – only recently opened to the international market – that competition is highly controlled. Nyo Myint, Vice Chairman of IKBZ Insurance, explains that although the monopoly of the state-owned Myanma Insurance has ended, the country’s 12 insurance companies are still relative novices. Myanmar’s insurance industry […]

Myanmar Banking Group KBZ Seeks Insurance Arm Listing, Fintech Ally

Oct 6 Myanmar banking group KBZ is seeking to list its insurance arm on the domestic bourse as early as next year, a senior executive said on Thursday, as the formerly isolated nation slowly liberalizes its financial sector. The insurance arm, which has a paid-up capital of $55 million, could be listed as early as […]

Yangon Stock Exchange on Track for March Trading Debut

RANGOON — The Yangon Stock Exchange (YSX) is expected to begin shares trading by the second week of March, with dry-run testing already underway, an official from the Securities Exchange Commission of Myanmar (SECM) told The Irrawaddy on Monday. Though the YSX officially “launched” late last year with six companies listed, no shares have yet […]

Don’t wait too long to invest in Myanmar’s growth

Western investors have been patiently observing Myanmar’s growth story – but wait too long and you’ll miss out, say KBZ’s Nyo Myint and Zaw Lin Aung. After 50 years of isolation under military rule, Myanmar’s economy has been slowly opening up in the past few years. That may pick up pace now that Aung San […]