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Myanmar produces first corporate governance scorecard

Myanmar companies need to improve their business practices to become more competitive in local and regional markets, a new report shows. The Myanmar Corporate Governance Scorecard 2018 is the first report of its kind in the country and assesses the performance of 24 companies in the country. It is published by the International Finance Corporation […]

Large Corporations Dominate ‘TiME’ Transparency Ranking

The private sector is leading the way in terms of corporate transparency and disclosure, according to the latest Transparency in Myanmar Enterprises (TiME) report by the Myanmar Center for Responsible Business (MCRB). In the 2019 report, known in Burmese as “Pwint Thit Sa”, seven of the country’s leading companies, including its largest retailer City Mart […]

Myanmar public companies trail behind private firms in corporate disclosure

Public companies in Myanmar – companies whose shares can be bought by the public – lag behind privately-owned firms in corporate disclosure and governance, according to the latest transparency report released on Tuesday. This is the fifth Pwint Thit Sa report (Transparency in Myanmar Enterprises) undertaken by Yangon-based Myanmar Centre for Responsible Business (MCRB) in […]

CityMart replaces FMI to rank first in Pwint Thit Sa corporate disclosure report

Familiar names featured among the top ranked companies in the latest Pwint Thit Sa report on corporate governance and transparency, which for the first time assessed the performance of leading state-owned economic enterprises. The fifth Pwint Thit Sa report by the Myanmar Centre for Responsible Business, completed in partnership with business consultancy, Yever, assessed information […]

Myanmar improving but still ‘super challenging’ for business: Study

[YANGON] Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar “super challenging”, a new study mapping the country’s top companies said on Monday (March 26). Myanmar’s economy remains dominated by military firms and an elite of crony capitalists – a legacy of […]

Bid to boost corporate transparency in Myanmar accelerates

An annual study on business transparency of Myanmar companies would be widened next year to encourage inclusiveness and accountability in a larger context, according to Myanmar Centre for Responsible Business, a Yangon-based initiative funded by six European nations. MCRB director Vicky Bowman said that the assessment of companies’ websites would be doubled to 200 firms […]

US offers path to redemption for ‘cronies’

Myanmar officials and the business community yesterday expressed hope that the lifting of US sanctions against prominent industrialist U Win Aung last week would open the door to an influx of US investment and the removal from Washington’s blacklist of other tycoons linked to the former military regime. An industry insider who asked not to […]