Asia’s New Tiger Economy Fears Currency Slide

​​ Myanmar’s central bank is braced for a deeper slide in the nation’s currency and has little scope to tackle the decline after the kyat fell the most in Southeast Asia, according to one of the monetary authority’s top officials. The kyat has weakened about 10 percent against the dollar in the past six months, data […]

Pocket change: Myanmar banks on mobile money

YANGON – Carrying her wages in wads of cash across Myanmar was once a risky, onerous but unavoidable ritual for maid Khin Myint Oo. But now she just pings off a text to move the money to her children back home as mobile banking sweeps into a country whose people have for decades been locked […]

Australia’s business know how could boost Myanmar

AUSTRALIA’S expertise in agriculture, mining and education is seen playing a key role in Myanmar once Aung San Suu Kyi’s National League Democracy (NLD) takes power next year. MACQUARIE University academic Sean Turnell, an informal advisor to the NLD leadership, says agricultural reform will be a key priority once the government takes power early next […]

Myanmar to Curb Some Investor Incentives, Presidential Aide Says

Myanmar’s parliament is likely to meet before the end of the year to approve legislation that would scale back a number of foreign-investment incentives the government now deems excessive, President Thein Sein’s top economic adviser said. Parliament, which is in recess as lawmakers campaign for Nov. 8 elections, will probably reconvene by early December, Aung […]

Myanmar garment workers long for ‘manufacturing renaissance’

YANGON, Myanmar – Wearing an expression of intense concentration, Myanmar garment worker Htet Myat Nyein stitches jackets bound for wealthy foreign high streets, part of a booming industry fuelling much of the country’s modernization drive. “I learned to sew at this factory,” she tells the Agence France-Presse, her soft voice almost lost in the clatter […]

Myanmar stitching a new economy

YANGON: Wearing an expression of intense concentration, Myanmar garment worker Htet Myat Nyein stitches jackets bound for wealthy foreign high streets, part of a booming industry fuelling much of the country’s modernisation drive. “I learned to sew at this factory,” she says, her soft voice almost lost in the clatter of sewing machines at the […]

Private Insurers Take Hold in Myanmar

Sept. 8, 2015 3:30 p.m. ET YANGON, Myanmar—Over cups of sweet tea at Yangon University, Nyi Nyi Min Htet pitches the benefits of car insurance from his mobile phone to drivers who navigate the chaotic streets of the country’s largest city. But it often proves to be a tough sell. Few Burmese understand insurance or […]

Industry banks add to sector’s risk

With each new approval of an industry-focused bank, Myanmar’s banking sector becomes riskier. Instead of creating more banks, Myanmar should streamline its existing institutions to minimise the chance of a banking sector crisis, according to international advisers, who have warned the government against the systemic risks created by sector-specific banks. However, despite an already crowded […]

Strict IPO rules in place for first Myanmar stock exchange

The listing criteria were published in the August 14 edition of state run newspaper The Global New Light of Myanmar, and comprise 17 requirements that companies will have to comply with in order to list on the YSX. They include qualitative standards relating to corporate management, corporate governance, compliance, disclosure of corporate information, insider trading, […]