KBZ Bank opens settlement account in US

Kanbawza Bank (KBZ Bank) Limited, part of the KBZ Group of companies, announced yesterday that it has opened a USD settlement account with international bank Sumitomo Mitsui Banking Corporation’s New York branch (SMBC New York), to offer streamlined remittance services that enable faster, more convenient trade financing and transactions between Myanmar and the United States, […]

Small businesses not yet ready for ASEAN competition

Myanmar is not ready to enter the ASEAN Economic Community that is supposed to come into existence at the end of the year, a government official has told business leaders. Daw Aye Aye Win, deputy director general of the SME Development Department at the Ministry of Industry, was talking to the SME Forum 2015, a […]