A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

IFC plans for more investments in microfinance

INTERNATIONAL Finance Corporation (IFC), a private sector arm of World Bank Group, has invested US$23.5 million (about Bt736 million) in four microfinance institutions (MFIs) in Myanmar, and is eager to invest more this year. Vanessa Vizcarra Bianchi, IFC’s lead of financial institutions advisory services for Mekong Region, said in an exclusive interview that the organisation […]

IFC to boost support for microfinance in Myanmar

INTERNATIONAL Finance Corporation (IFC), a private sector arm of World Bank Group, has invested US$23.5 million (about Bt736 million) in four microfinance institutions (MFIs) in Myanmar, and is eager to invest more this year. Vanessa Vizcarra Bianchi, IFC’s lead of financial institutions advisory services for Mekong Region, said in an exclusive interview that the organisation […]

Nestle Myanmar expects fourfold growth by 2020

Swiss food and beverage giant Nestle operates in 190 countries producing more than 2,000 products with 330,000 employees from 450 factories. The brand has been recognized in Myanmar for more than 100 years. At the late of 2013, the company erected its next milestone stepping into Myanmar and Nestle Myanmar Limited was founded. Up until […]

IFC, Regulators Assess Corporate Governance of Myanmar Firms

IFC, a member of the World Bank Group, is working with Myanmar regulators to benchmark the corporate governance practices of Myanmar companies against international standards to help them improve performance, according to a statement. Numerous studies show that stronger governance helps companies operate more efficiently and manage risks better. In cooperation with the Securities and […]

US Solar Firm Tackles Cost Barriers Through Instalment System

A US-based solar product company launched its services in Myanmar with the support of the International Finance Corporation and United Nations Capital Development Fund to widen access to clean energy among the rural population. The opening of its first store in Myanmar was accompanied with the introduction of the instalment system for purchases. Greenlight Planet […]

Thai-Myanmar Regulators Tie up Deal

AS MYANMAR tries to grow its young capital market with the help with international partners, Thailand will become the first foreign country to sign a memorandum of understanding (MoU) with the Securities and Exchange Commission of Myanmar in less than three months, according to Htay Chun, commissioner of SECM. He said the securities and exchange […]

Transparency, Ongoing Disclosure Crucial for Stakeholder and Investor Confidence

Transparency and disclosure practices are crucial for businesses seeking to build trust with stakeholders, attract investors and ensure accurate media reporting, experts in a corporate governance forum have said. The International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) organised a forum at the Yangon […]

Myanmar Readies Reforms to Liberalize Insurance Market

NAYPYITAW — Myanmar intends to release within three months a blueprint for insurance market reforms that include allowing foreign insurers to underwrite and sell policies, the head of state-run Myanma Insurance said here Wednesday. Managing Director Sandar Oo outlined the reforms from the Ministry of Planning and Finance, which oversees Myanma Insurance, in a presentation at Myanmar Investment […]

Myanmar Capital Markets Essential for Private Sector: IFC

International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) signed a memorandum of understanding (MoU) in March to strengthen corporate governance regulatory standards and practices in Myanmar. In its press statement, the IFC said that a better regulated market will bolster investor confidence and […]