The Central Bank of Myanmar (CBM) should allow financial organisations including fintech companies to operate only after confirming that their business models are credible and licensed, said MP Daw Sandar Min from Seikgyi Khanaungto township during a Yangon Region Parliament session on October 3. The issue was brought up after fintech company Ok Dollar was […]
Read MoreThe World Bank has cut its growth forecasts for Myanmar, citing that investment demand slowed down as businesses wait for greater clarity of Nay Pyi Taw’s economic agenda. In its latest report released October 4, it cut Myanmar’s growth forecasts by 0.6 percentage points for 2017-18 to 6.4 percent. Growth over the medium-term is also […]
Read MoreThe Directorate of Investment and Company Administration (DICA) in partnership with the German Corporation for International Cooperation (GIZ) have published a detailed report entitled The Socio-Economic Atlas of Myanmar. For the first time, the report will provide official details and statistics on Myanmar’s geography, population and climate as well as its education transportation, healthcare and […]
Read MoreLOG exporting businesses in Myanmar have requested the government to hold tenders only open to domestic log traders. Log merchants have called for the Myanma Timber Enterprise (MTE), which is under the Ministry of Resource and Environmental Conservation, to hold separate tenders for local wood-based industry merchants engaging in the business of exporting logs of […]
Read MoreSINGAPORE is active in Thilawa Special Economic Zone (SEZ) as the dispute resolution centre, while London is stepping up its game in legal services in Beijing’s Belt and Road Initiative (BRI). When it comes to infrastructure disputes, Myanmar has a few choices to consider. Some businesses in China seeking to expand their operations beyond domestic […]
Read MoreTrueMoney, one of the newest additions to the string of fintech firms vying for a slice of the mobile money market in Myanmar, is upping its game in the face of rising competition. Its strategy is to meet demand for a service to facilitate international mobile cash transfers by Myanmar residents. “We have a channel that […]
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