The Export-Import Bank of Thailand (Exim Thailand) is gearing up to provide more loans for Thai companies venturing into Myanmar on expectations of a long-awaited economic boom. The bank would provide more loans to Thai and Myanmar businesses that are considering using a wide range of Thai products in their commercial operations in Myanmar, said […]
Thai Exim Bank opens first overseas rep office in Yangon
June 13, 2017 by
THE Export-Import Bank of Thailand is opening its first overseas representative office today to support Thai companies investing in 18 infrastructure projects in Myanmar worth more than Bt700 billion. The new office is in Yangon, the country’s commercial capital. Woramin Thavarabha, Exim Bank’s chief representative in Myanmar, said in an interview yesterday that Thai investors […]
Business Chiefs Call for Kyat Support
December 29, 2016 by
The Federation of Chambers of Commerce and Industry (UMFCCI) has advised the government on how to stabilise the currency. The trade body’s statement covers the inflow of foreign currencies, how to increase demand for the kyat, the export-import sector and long-term plans. The statement said the dollar’s appreciation was due to an unbalance between […]
Myanmar Payment Union to Upgrade ATM Card System
August 8, 2016 by
RANGOON — The Myanmar Payment Union (MPU) signed with Vietnamese telecom multinational FPT and the National Payment Corporation of Vietnam (NAPAS) on Sunday to initiate a financial switching system, Zaw Lin Htut, chief executive officer of the MPU, told The Irrawaddy. As MPU’s partners, FPT and NAPAS will—starting this year—help facilitate a system upgrade for ATM […]
Myanmar’s fast-food industry attracts US attention as sanctions ease
June 7, 2016 by
US fast-food firms could flood into Myanmar after the easing of US-imposed sanctions to improve bilateral trade and allow more financial transactions to take place. The US Treasury, for instance, has removed from a blacklist seven state-owned enterprises and three state-owned banks – the Myanma Economic Bank, Myanmar Foreign Trade Bank, and Myanma Investment and […]
Myanmar Payment Union Forms Public Company
September 8, 2015 by
RANGOON — Burma’s sole domestic provider of card-based payments, Myanmar Payment Union, has formed a public company comprised of its 23 member banks, according to the organization’s chief executive officer Zaw Lin Htut. Myanmar Payment Union (MPU) had planned to form a public company in 2014 and Burma’s Directorate of Investment and Companies Administration gave […]
India’s EXIM Bank Agrees More Than $350M in Credit to Myanmar
January 3, 2014 by
YANGON — The Indian government’s Export-Import Bank (EXIM Bank) has said it will loan Myanmar more than US$350 million to finance irrigation projects and improvements to the country’s railways. In an announcement Dec. 26, the bank, which opened an office in Yangon in September, said it would extend credit to the Myanmar Foreign Trade Bank […]
