Myanmar: Pearl income stays strong despite sales drop Wednesday, 29 June 2016 – Income from pearls sales at the 53rd Myanmar Gems and Jewellery Exhibition is holding steady, organisers say, despite a fall in the number of pearls sold. Ministry of Mines deputy director U Than Zaw Oo said on June 27, “Although the number […]
Read MoreMyanmar: What does Brexit mean for Myanmar? Tuesday, 28 June 2016 – Last week, the United Kingdom voted to excuse itself from the European Union – a move which has since taken a toll on financial markets worldwide, bringing the British pound to its lowest level in decades. Now that the intensely close referendum has […]
Read MoreMyanmar: Myanmar’s Kanbawza Bank opens office in Bangkok Wednesday, 3 August 2016 – Kanbawza Bank (KBZ Bank) has opened a representative office in Bangkok, the first Myanmar bank to establish an international presence.Earlier this year, KBZ Bank officially received a licence from the Bank of Thailand to open the office in the capital. The bank […]
Read MoreMyanmar banks offer international credit cards THURSDAY, 23 JUNE 2016 – In a boon for holiday shoppers, Myanmar banks are starting to offer customers international credit cards for the first time. The country has only recently returned to true credit cards, which disappeared in the wake of the 2003 banking crisis. At the start of […]
Read MoreRising growth should sustain, not stifle, transition WEDNESDAY, 22 JUNE 2016 – Rising trade and more foreign investment could be on the way, says the World Bank, but warns that careful steps are required to ensure they provide inclusive growth and reinforce rather than undermine the country’s peace process. On June 20, the World Bank […]
Read MoreExporters ask for exchange solution MONDAY, 20 JUNE 2016 – Yangon business leaders have joined a call for the new government to address exchange rate regulations, which they say are causing difficulties for exporters trying to convert their earnings back into Myanmar kyat. U Myo Lwin, deputy chair of Yangon Region chapter Union of the […]
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