Frontier Myanmar

Central Bank of Myanmar delivers green light for mobile wallet OK Dollar

September 5, 2017 by thiha

by Ben Roache OK$, a mobile payment service that has recently been heavily advertised throughout Yangon, has been granted a Mobile Financial Services (MFS) licence by the Central Bank of Myanmar. This overcomes a major hurdle between OK$ and next generation retail payment, remittance and funds transfer services in the country. Fig 1 – Screenshot […]

Filed Under: Featured Stories Tagged With: CB Bank, Central Bank of Myanmar, Daw Pwint Phyu Htun, FinTech, Frontier Myanmar, funds transfer services, Funny money in Myanmar's fintech sector, M-Pitesan, Mobile Financial Services (MFS) licence, mobile payment, OK Dollar, OK$, Ooredoo, Red Dot, remittance, retail payment, telenor, Wave Money, Yoma Bank

Ponzi Scheme Takes Millions From Rural Myanmar

August 31, 2017 by Thiha

In the wake of Myanmar’s most widespread and financially devastating ‘Ponzi scheme,’ millions of dollars have been lost, thousands of people defrauded, and a myriad of ministries left pointing fingers. In December 2016, Saxon Capital Limited (SCL) began selling shares to residents of Pyay, Bago, Mawlamyine, and other townships promising an 80 percent return on […]

Filed Under: Latest News Tagged With: Ayeyarwady, Bago, Bago Ministry of Finance, DICA, Directorate of Investment and Company Administration, Dollars, Frontier Myanmar, Global Growth Company Limited, mandalay, Mawlamyine, Ministry of Home Affairs, Ministry of Planning and Finance’s Financial Regulatory Department, Myanmar Times, Ponzi Scheme, public-private partnerships, Pyay, Rural Myanmar, Saxon Capital Limited, SCL, Securities and Exchange Commission of Myanmar, SECM, state-owned companies, Tanintharyi, The Central Bank of Myanmar, Union Ministry of Planning and Finance, Yangon, Yangon Stock Exchange, Yangon

Building a better Condominium Law

June 25, 2017 by thiha

Lack of clarity on foreign ownership, land use and building management committees in the Condominium Law are holding back growth in the property market. By DUNCAN BURRY When the Condominium Law was enacted in early 2016, many hoped it would provide a framework that could spur development in the sector, not least by permitting […]

Filed Under: Featured Stories, Property Report Tagged With: A blueprint for building an implementable and effective Condominium Law in Myanmar, access to finance, Alexander Bohusch, BOT land, Building a better Condominium Law, By-Laws, car park ratio, Collier International Myanmar, Condominium law, Duncan Burry, foreign ownership, Frontier Myanmar, lack of clarity, Land Ownership, Luther Law Firm, Melbourne Law School, Property Law, strata title, Tea Circle Oxford, Tony Picon, University of Melbourne

With return of Big Tobacco to Myanmar, smoking rates on the rise

July 18, 2016 by thiha

Since the return of Big Tobacco to Myanmar en masse in 2013, smoking rates have increased markedly. Tobacco control experts warn that the firms’ sophisticated strategies are likely to push more people into the clutches of addiction From the backseat of a traffic-stranded cab attempting to travel from Yangon’s airport to a city hotel, Myanmar’s burgeoning love affair with […]

Filed Under: Latest News Tagged With: BAT, Big Tobacco to Myanmar, British American Tobacco, China Tobacco, cigarette, Control Alliance, European, Frontier Myanmar, Health Foundation in Myanmar, House of Lords in London, International Tax, Investment Centre, ITIC, Japan Tobacco International, JTI, Judith Mackay, Kaung Htet Lin, MacKenzie, Macquarie University in Sydney, May Myat Cho, Ministry of Health, Myat Cho, Myint Htwe, Red Ruby, Rehan Baig, Ross Mackenzie, SEATCA, Sein Win, Southeast Asia Tobacco, Vendor Sein Win, Vital Strategies, WHO, World Health Organisation, Yangon

Frontier Markets: Myanmar, Explosive GDP Growth

March 11, 2016 by thiha

The reason I’m revisiting Myanmar is because recently the State Bank of India (SBIN), together with the Vietnam Bank for Investment and Development, Taiwan’s E SUN Commercial Bank (2884:TT), and South Korea’s Shinhan Bank, were all granted permits to operate in that country. Last year, the first round of permits were granted to ANZ Banking […]

Filed Under: Latest News Tagged With: aim, All Aboard, American, ANZ Banking Group of Australia, asean, Asia, Bangkok Bank, CAT, Caterpillar, China, Chinese Banking Corporation, Currently, development, E. Sun Commercial Bank, European, Frontier Myanmar, investment, japanese, London Stock Exchange, Myanmar, Myanmar Investments International Ltd, Nikkei Asian Review, OCBC, Policies for Shared Prosperity, singapore, State Bank of India SBIN, Taiwan, Thailand, United Overseas Bank, UOB, Vietnam Bank, World Bank