The Central Bank of Myanmar (CBM) will not revise the interest rates on bank deposits, borrowings and government treasury bonds, CBM Vice-Governor U Soe Thein told the media on Tuesday. As it must keep inflation stable and maintain the rate at which the government borrows money to fund the fiscal deficit, the CBM has no […]
Read MoreReading through the 7/2017 directive by the Central Bank of Myanmar (CBM) on the implementation of the Asset Classification and Provisioning Regulation, the words and phrases that captured my attention were: “cash flow pattern of the borrower”, “credit risk analysis” and “term loans with up to a maximum maturity of three years.” These technical terms […]
Read MoreCustoms will practice a new car importing system under which import valuations for cars will change this year. As such, car importers should ensure they are clear about the new system, said U Soe Tun, chair of Myanmar Automobile Manufacturers and Distributors Association (MAMDA). Up until 2017, imported car prices were based on the Cost, […]
Read MoreIn Myanmar culture, although beer or hard liquor was only meant for males in the past, these days it is common to see many girls drinking together with men Ko Khant, a company employee, is busy with a phone making arrangements to meet up with his friends. Previously he could only meet them once a […]
Read MoreIn an attempt to raise tax and gold mining revenues and promote Myanmar-made gold products internationally, the National League for Democracy government on January 22 announced moves to liberalise the country’s gold market, The Myanmar Times reported last week. For the first time in Myanmar’s history, exports of locally-produced gold and gold products will be permitted, the Ministry […]
Read MoreMillions, if not billions, of people around the world start their days with a hot, stimulating beverage like coffee or tea. Coffee is one of the most popular drinks but in Myanmar tea is a drink that is deeply connected to the daily life of the locals. For those who are unable to go to […]
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