Tags Posts tagged with "Central Bank of Myanmar"

Central Bank of Myanmar

Myanmar struggles to control tumbling currency

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Myanmar's central bank has increasing difficulties to prevent the depreciation of the country's currency, the kyat, which has reached new record lows these days. The...
Myanmar kyat plunges to new lows

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The general strength of the US dollar and poorly managed currency control by the Myanmar central bank has led to another plunge of the...
Mobile money a big hit in emerging Southeast Asia

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Giving millions of “unbanked” people the opportunity to undertake money deals by simply using their mobile phones has turned out to be a highly...
Myanmar awards licenses for foreign banks

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Australia & New Zealand Banking (ANZ) and three Japanese banks on October 1 won coveted licenses to operate in Myanmar, after decades in which...

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Myanmar will announce an offer by the end this month for between five and 10 foreign banks to open branches in its rapidly expanding...
Five companies eye listing on new Myanmar stock exchange

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Myanmar will allow five companies to be listed on the Yangon Stock Exchange when it is being launched next year, local media reports said...
Thailand’s Kasikorn Bank set for expansion into Myanmar

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Thailand-based Kasikorn Bank is planning to launch its branches in Myanmar, according to a statement by the bank. Nuttaphong Visitkichakarn, an official from the...
Myanmar warned of rising debt and inflation

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Economists forecast that Myanmar will face possible long term debts along with high inflation in the next three years due to an annual budget...
Yangon Stock Exchange to launch in October 2015

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The Yangon Stock Exchange, the first of its kind in Myanmar, aims to start trading by October 2015 and will begin with a starting...
Myanmar launches construction and housing bank

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Myanmar has officially opened a first-of-its-kind bank on January 11 in its commercial capital Yangon, Eleven Myanmar reported. The Construction and Housing Development (CHD) Bank ...
Myanmar’s SMEs wary of ASEAN trade bloc

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Small and medium enterprises (SMEs) in Myanmar are uneasy as 2015 approaches, when the implementation of the ASEAN Economic Community (AEC) is expected to...
South Korea’s Exim Bank to enter Myanmar

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Myanmar has allowed the Export-Import Bank of Korea (Exim Bank) to open a representative office in Yangon, according to the Directorate of Investment and...
Foreign banks to start operations in Myanmar

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Myanmar will allow selected foreign banks to start offering limited financial services in the country by 2014, a senior central bank official said according...
Aung San Suu Kyi’s father to appear on banknotes

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The vice-president of the Central Bank of Myanmar, Daw Khin Saw Oo, told the country's  parliament on November 13 that the bank was planning...
Myanmar has $8.13b in foreign reserves – and gold

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Myanmar has $8.13 billion in foreign exchange reserves plus 7.15 tonnes of gold, according to accounts as of October 29, said Khin Saw Oo,...
Big obstacles for the planned Myanmar stock exchange

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Myanmar is facing big problems to implement a stock exchange including a lack of skilled workers, according to Deputy Minister for Finance and Revenue...
Myanmar finally gets consumer protection law

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Myanmar is preparing to enact a consumer protection law in a bid to ensure safety of locally manufactured products, Khin Maung Lay, Director General...
Myanmar admits: $7.6b in foreign accounts

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The Central Bank of Myanmar on September 20 said the country’s lenders have parked more than $7 billion worth of foreign reserves in overseas...