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KBZ Bank opens first office outside Burma
The opening of a branch in Bangkok makes Kanbawza Bank the first Burmese bank to establish an international presence.
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Foreign investment hits record high
Foreign direct investment in Burma during the fiscal year that ended in March totaled $9.4 billion for 217 projects, official data showed on Monday.
Burma’s stock exchange prepares for first listing
Burma’s new stock exchange plans its first listing on 25 March, the deputy finance minister said on Sunday, more than three months after it launched.
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Four international banks to join finance sector in Burma
The Central Bank of Myanmar has granted preliminary approval to four foreign banks, in the second round of bidding for international vendors.
Sanctions lifted temporarily, says US official
The US is temporarily easing trade restrictions on Burma by allowing all shipments to go through its ports for six months, officials said on Monday.
Dollar black market undermines Burma’s banks
Lenders say they have been forced to turn to unlicensed brokers for scarce dollars to keep the wheels of trade turning.
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DVB Business weekly
As the Burmese kyat stabilises, the price of gold goes up. World Bank predicts lower growth in Burma; EU signs trade deal with Burma; and more.
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Business Weekly
Catch up on the latest Burmese investment and business news.
Business Weekly
Catch up on the latest banking, finance, and investment news from Burma.
Business Weekly
Read the latest business and banking updates straight from Burma.
Bank of China paves way for entry to Burma
Bank of China is one of the five largest state-run commercial banks in China, with more than 305,000 employees, and assets listed in 2013 at $2 trillion.
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Business weekly
Catch up on the latest in Burmese business, development and finance from this week.
Banking shutdown ‘just a rumour’, says Central Bank
As the Burmese kyat loses value, more and more customers have been withdrawing their savings.
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Business Weekly
This week’s business news: rice exports suspended; foreign firms bid for gas venture; first Malaysian bank opens; Japan pledges to Rangoon rail project.
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First Malaysian bank opens in Burma
Malayan Banking Bhd (Maybank), Malaysia’s leading bank by assets, commenced branch operations in Burma on Monday.
Citigroup, StanChart hope to boost Burma’s credit rating
Citigroup Inc and Standard Chartered Plc are set to advise Burma on its first credit rating, paving the way for it to issue its maiden international bond.
Japanese bank opens doors for business in Burma
Central Bank governor describes the opening of Bank of Tokyo-Mitsubishi UFJ – the first foreign bank to launch in Burma – as a “new milestone”.
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BURMA BUSINESS WEEKLY: 12 September 2014
ADB predicts 9.5% growth by 2030; South Korea to sponsor US$20m development institute in Burma; MSF Holland signs MoU on disease control; Indonesian firm WIKA to build $125 million tower in Burma;
Black market banking brings billions from China
As the illegal trade in jade, timber and drugs along the Sino-Burmese border appears unstoppable, black market banks have become a major channel for laundering criminal assets.
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BURMA BUSINESS WEEKLY – 29 August 2014
Burma’s currency was stable again this week; the buying rate for Burmese kyat on Friday was 973 to the US dollar. The price of gold rose slightly to 671,300 kyat per tical, up from 669,000 kyat last week. Fuel and rice prices remained steady.
Thailand expects trade surplus with Burma by 2016, says bank exec
Thailand expects to have a bilateral trade surplus with Burma by 2016, fuelled by solid economic and cross-border trade growth, says a senior executive of Bangkok Bank.
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Burma Business Weekly: 1 August 2014
Burmese currency remained stable, SMEs assessed for loan eligibility, mobile access increases as Ooredoo issues affordable SIM cards, and gas exports to China keep a slow but steady pace to CNPC, the world’s fourth-richest company.
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Burma Business Weekly: 25 July 2014
BUSINESS THIS WEEK in BURMA: British chamber of commerce opened; Malaysia’s CIMB Bank eyes Burma licence; Rangoon cyber-city given go-ahead; Ne Win’s grandson to buy into AGD Bank.
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Unreliable networks stem cash flow at Burma’s ATMs
Several banks in Burma are having trouble with their electronic banking services due to poor network connections and frequent power cuts.
Central Bank VP paints picture of hi-tech Burma
Satt Aung, the vice-president of the Central Bank of Myanmar, says that Burma will soon have mobile banking and electronic transactions for shopping, making payments and even paying for taxis.
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BURMA BUSINESS WEEKLY 30 MAY
BUSINESS in BURMA this week: Gold drops in price; Singaporean oil firm expands drilling in Magwe; Japan’s Komatsu contracted for power plant; corn production expected to pick up; foreign banks ready to launch.
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Burma Business Weekly
BUSINESS in BURMA THIS WEEK: Price of gold stabilises while kyat finishes strongly; Western Union expands outlets; stock exchange plans to start small; Malaysian minister urges investment in Burma; and tea industry in decline.
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BUSINESS in BURMA THIS WEEK
BUSINESS in BURMA THIS WEEK: Telenor pledges to erect 2,400 telecommunications towers across Burma; Exim Bank looks at southern highway; Traders Hotel rebranded as Sule Shangri-La; and Yoma announces deal with Mitsubishi.
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BURMA BUSINESS WEEKLY
Business in Burma this week: ADB reaffirms support for Burma’s reforms; MPE invites bids for Irrawaddy delta refinery; Pepsi goes pop in Burma; three new Novotel resorts in the pipeline; and Burma’s 100 top taxpayers are awarded.
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BURMA BUSINESS WEEKLY
Business in Burma this week: Offshore oil and gas block bidding war – the winners announced; Japan pledges more development aid; Mitsubishi to open branch in Rangoon; Thilawa to vet potential investors; and Manchester United sign Burmese sponsorship deal.
