Myanmar’s financial markets are slowly opening up

NAYPYITAW Naypyitaw’s famously empty hotels were busy for once on Sept. 13-14 as an annual investment forum drew more than 1,300 bankers and investors from around the world. Expectations for the country’s financial development are sky high, especially as the first civilian government in half a century is settling in. Reforms are happening slowly but […]

Improved financial practices crucial for small business

Access to finance is frequently identified as the largest barrier for small and medium enterprises, but often they do not have their own fiscal house in order to receive this finance. Small and medium enterprises (SMEs) must improve their reporting and accounting framework in order to inspire confidence in banks, according to Thomas Foerch, working […]

Flavoured life for expats in Myanmar

Some foreigners may be fretting about living in Myanmar. Being one of the poorest countries in the world and having just reopened to the world a few years ago, the country was believed to be in a terrible state. Three expats interviewed by Myanmar Eleven, however, think differently. They have a high opinion of the […]

BLP launches Myanmar partnership and Asia network

Berwin Leighton Paisner (BLP) has become the latest firm to move into Myanmar through a tie-up with local firm Legal Network Consultants (LNC). The Yangon-based firm is headed by Khin Mar Aye and the relationship is part of BLP’s newly-launched Asia network, which it will use to join up with other local firms across the […]

Korea’s Exim Bank to open representative office in Myanmar

YANGON—The Export-Import Bank of Korea is now planning to open a representative office in Myanmar where there are more than 30 representative offices of international banks, according to the bank. On December 18, the Directorate of Investment and Company Administration allowed the bank to open a representative office in Yangon to operate banking and financial […]

Standard Chartered Bank holds first anti-money laundering workshop in Myanmar

YANGON—The UK’s Standard Chartered Bank confirmed today that it recently held the first in a series of joint workshops aimed at helping Myanmar tackle the global issue of money laundering and enhance the country’s efforts to re-integrate with the global financial system. Prudential, a UK-based financial services company, co-organised the workshop in partnership with the […]

Standard Chartered Bank launches community programme in Myanmar

The Standard Chartered Bank says it will invest in a community programme in Myanmar aimed at strengthening the Southeast Asian country’s capacity for social development and employment. The bank will work with international and local non-governmental organisations (NGOs) to implement the programme with an emphasis on education and health. “In addition to what we are […]

Myanmar growing at breakneck speed

When Singapore lawyer Chester Toh starting working in Yangon, Myanmar’s commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it’s a 45-minute slog through increasingly clogged streets. Call it the price of progress, or reform to be more exact. Toh, a partner at law firm Rajah & Tann, told The […]

In Myanmar, Flirtations by Investors Turn Into Commitments

NAYPYIDAW, Myanmar — Foreign executives who flew into this dirt-poor country over the past year to tap into what is described as Asia’s last major frontier market often came away skeptical, befuddled or outright disappointed. “Look, listen, learn — and leave” was the catch phrase that described trips here by executives who saw first-hand the […]