Myanmar’s largest private bank, Kanbawza (KBZ), was named Myanmar Bank of the Year for 2018 by The Banker, a service of the Financial Times, for its leading role in the country’s financial sector by using new digital technologies. It is the sixth consecutive year the bank has landed the honor, making it the only financial […]
In Burma, a Fine Line Between CSR and Karmic Cash
March 23, 2016 by
RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]
Minister U Soe Thane urges the long-term view
March 25, 2015 by
The economic improvements to the country since the 2011 transition to civilian government are obvious, but reforms must be continued by subsequent governments, according to Coordinating Minister for Economic Development and Minister for the President’s Office U Soe Thane. Although the current course struck by the government has generated improvements in certain areas, progress has […]
Private banks boost savings interest rates
August 14, 2014 by
Some of the 22 local private banks are offering higher interest rates on saving accounts beginning this month. The Central Bank of Myanmar (CBM) recently changed the interest rate to control inflation. However, the interest rate for financing has not changed yet. The CBM raised the savings interest rate between 8-13 per cent based on […]
Over 140 joint ventures in Myanmar’s growing oil and gas sector
June 19, 2013 by
The number of joint ventures between local and international energy companies now exceeds 140 say officials from the Ministry of Energy. According to Myanmar’s most recent foreign investment law, foreign companies are generally required to make joint ventures with local companies in order to invest in the oil and gas sector. On June 12, a […]
