SET-listed Thitikorn (TK) is set to finalise the acquisition of a microfinance business in Myanmar next quarter, a move expected to lend support to the company’s goal of having 30% of its loan portfolio come from neighbouring countries by year-end 2020. TK, a leading motorcycle hire-purchase provider in Thailand, is in the process of acquiring […]
Read MoreThe Ministry of Commerce on May 25 issued regulations designed to relax Myanmar’s decades-old ban on alcohol imports. The ministry’s “Guidelines for the Importation of Foreign Liquor” allows foreign spirits with the cost, insurance and freight value of US$8 or above to be brought in from Yangon ports and the Yangon International Airport. “Before, alcohol […]
Read MoreThe Central Bank of Myanmar (CBM) instructed banks nationwide to install an alarm bell system at their branches similar to those used internationally to beef up security. Arrangements are being made to inform the banks to install security alarm systems like those in other countries, said U Soe Min, vice governor of CBM. “We have […]
Read MoreMyanmar is planning to take a US$60 million loan from the Asian Development Bank (ADB) to establish a Credit Guarantee Corporation (CGC), U Maung Maung Win, the Deputy Minister for the Ministry of Planning, Finance, and Industry, said in Parliament on May 21. The proposal was sent by the President. U Maung Maung Win said […]
Read MoreWhile companies operating in Myanmar are already operating under demanding conditions, thinking in risk-related extreme scenarios can also reveal not thought-of business opportunities and spur innovation. However, challenges remain in the areas of Risk Management, Crisis Management, and Corporate Governance. Whether you have to concentrate on recent and current events, you become aware that a […]
Read MoreWhile COVID-19 has increased awareness on the importance of health insurance and led to better sales of life and health policies, demand for other insurance products has taken a beating, industry leaders say. For KBZ MS General Insurance, monthly sales of individual health products have gone up five times compared to pre-pandemic figures. “This is […]
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Thailand
