Five gem and jewellery emporiums to be held in 2017

Five gem and jewellery emporiums will be held in 2017, up from only one or two events held annually. Three events will sell gem and jewelry lots in foreign currency while two will be conducted using Myanmar currency, it is learnt from Myanmar Gems and Jewellery Emporium Organising Committee. “Normally, only an event is held […]

Gems and minerals bank to register in September

The creators of a new bank to service the gems and minerals sector will apply for a licence this month, spokesperson U Thet Naing told The Myanmar Times. If licenced, the new bank will add to a number of sector-specific banks that have opened over the past couple of years, including the Construction and Housing […]

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 […]