The Central Bank of Myanmar (CBM) will issue two types of licenses—foreign bank branch license and subsidiary license– in the upcoming round of licensing, as from January 1, 2020, according to a statement. This is the third round of foreign bank licensing since two rounds of stringent licensing process were successfully completed. Nine foreign banks got […]
Read MoreIn an endorsement of ongoing efforts to reform the economy, Myanmar has been named one of the top-20 most-improved countries in the World Bank’s 2020 ease of doing business index. The index – part of the “Doing Business 2020” report – lists the economies that have recorded the greatest improvement in their ease of doing […]
Read MoreBack in the 1960s, Singapore, Taiwan, South Korea and Hong Kong were able use cheap labour and tax incentives to draw a huge influx of foreign direct investments and technological know-how from the west. Between the early 60s and 90s, growth quickly soared, to an average of 10 percent at the peak, according to the […]
Read MoreThis year saw Myanmar’s Ministry of Planning and Finance opening of the local insurance market to foreign. Currently, there are five fully foreign-owned life insurers, three local-foreign joint venture general insurers and three local-foreign joint ventures life insurers, in addition to local insurance companies. One of the joint ventures is the partnership between Aya Myanmar […]
Read MoreEmployers in Myanmar say the biggest challenge they face in business today is hiring and retaining good talent, according to a survey by the online recruitment platform JobNet, which was completed last month. Conducted with the support of the British Chamber of Commerce, the survey results revealed that almost three quarters of Myanmar chief executives […]
Read MoreWe reiterated our intention to work towards the completion of the India-Myanmar-Thailand Trilateral Highway Project and its extension to Cambodia, Lao PDR and Viet Nam, said a source from the statement of the 16th ASEAN-India Summit in Bangkok, Thailand. The Trilateral Highway project includes three new major bridges, repair and strengthening of four existing major […]
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