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Myanmar banks look to consolidation through better governance

Consolidation can be expected in Myanmar’s overcrowded banking sector, aided by improved corporate governance and central bank directives as well as a cleaning up of loan books, an investment conference heard this week. Speaking at the Myanmar Global Investment Forum 2019 panel discussion “Changes in the Banking and Financing Sectors” in Nay Pyi Taw this […]

Banks need to be more transparent on fraud

Banks should report fraud cases involving their staff in a more transparent manner in order for them to maintain the public’s confidence in their ability to keep money safe. Banking experts have advised that banks should take steps in announcing or reporting fraud cases in a more transparent manner so that the public can be […]

Can EITI membership make resource revenues transparent?

It can be easy joining groups: The challenge is in seeing the membership through. Myanmar signed up to the Extractive Industries Transparency Initiative (EITI) on July 2. The agreement promotes openness and accountable management of revenues from natural resources, requiring annual disclosure of taxes and other payments by oil, gas and mining companies to governments. […]

Reforming Myanmar Moves Up Global Corruption Rankings

YANGON — The Myanmar government’s reforms since a quasi-civilian government took charge in 2011 appear to be improving its poor reputation for corruption, with global watchdog Transparency International on Tuesday boosting the country’s ranking in its annual survey. The Berlin-based organization put Myanmar 157 out of 177 countries surveyed for its Corruption Perceptions Index 2013.The […]