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Myanmar: Myanmar’s Kanbawza Bank opens office in Bangkok

Myanmar: 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 […]

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Myanmar banks offer international credit cards

Myanmar 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 […]

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Rising growth should sustain, not stifle, transition

Rising 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 […]

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Exporters ask for exchange solution

Exporters 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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Jewel market asks for recognition

Jewel market asks for recognition MONDAY, 20 JUNE 2016 – A busy informal jewel market in Sagaing Region wants the government to recognise it ? so it can pay taxes. The Bawgar jewel market, in Sagaing township, also wants to set up shop in fixed premises, amid complaints that crowds of merchants engaged in the […]

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Yangon eases vehicle import regulation

Yangon eases vehicle import regulation FRIDAY, 17 JUNE 2016 – In a partial relaxation of regulations, a government committee will be allowing the importation of some vehicles without allocated parking spaces. Starting yesterday, the Supervisory Committee for Motor Vehicle Imports will allow companies and donors to import buses, heavy machinery for business use and vehicles […]

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