In response to growing investors’ interest in Myanmar’s finance sector amid on-going market liberalisation, key players in the microfinance industry gathered on Tuesday at an event in Yangon, the nation’s hub of commerce. Phyu Yamin Myat, general secretary of Myanmar Microfinance Association, told the first-ever Microfinance Success Asia event in the country that foreign businesses […]
Read MoreA survey on insurance showed that the Myanmar insurance industry has potential to grow to K1.75 trillion in the next 12 months and grow to a K4 trillion market in 10 years. IKBZ Insurance Co Ltd, one of the largest insurers in the country, unveiled on Tuesday findings on the insurance market, Insights from Customer […]
Read MoreEfforts are being made to raise the rate of financial inclusion in the Myanmar. Under the Myanmar Financial Inclusion Roadmap for 2019 to 2023, authorities are working with the UN Capital Development Fund (UNCDF) to raise the percentage of the population covered by the financial sector to 60 percent from 48pc currently, said Willian Naing, […]
Read MoreLicenses for importing some of the over 4,000 products into the country will be done away with as part of the move to facilitate trade and ensure Myanmar adheres to international trade regulations. Ministry of Commerce assistant secretary U Khin Maung Lwin said import licenses will be done away with in a move to facilitate […]
Read MoreThe Thailand-Myanmar border bridge gate is seen from the Myanmar side of Myawaddy town, Karen State, in 2014. Border trade between October 1 and July 5 of the current fiscal year has totaled US$8 billion, which is up by around 17 percent compared to the same period last year, according to the Ministry of Commerce. […]
Read MoreThe Posts and Telecommunications Department (PTD) has issued a fine of nearly US$200,000 (K300 million) and two warnings to military-backed telecom operator Telecom International Myanmar (Mytel) for violating its rules and regulations after January 1. It also issued two other warnings to two operators for similar offences. Mytel, the fourth operator in Myanmar, was given […]
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