MPs object to president reappointing current Central Bank governor

President U Win Myint has proposed reappointing 79-year-old U Kyaw Kyaw Maung as governor of the Central Bank of Myanmar (CBM) after his current term is complete by the end of this month. Parliament representatives had been expecting the job of improving Myanmar’s financial system to be given to a much younger candidate. Some have […]

UK’s Prudential re-enters Myanmar

YANGON—Prudential plc, the UK-based international financial services group, announced yesterday that it has been awarded a licence to establish a representative office in the country’s commercial and industrial hub. The Directorate of Investment and Company Administration (DICA) on October 29 granted Prudential the licence to open a representative office. The office, which will be headed […]