People who become very wealthy in a short time will be investigated by the Financial Intelligence Unit (FIU) to find out if they are involved in secret businesses and what they are doing, a top official said during a seminar on fighting money laundering in Yangon on Saturday. Police Colonel Kyaw Win Thein, deputy chief […]
Thailand Kasikornbank focuses on wealthy business owners in Laos and Myanmar
July 2, 2014 by
Kasikornbank (KBank) aims to target affluent customers in neighbouring countries as part of its efforts to push towards 10% growth in assets under management (AUM) for its wealth management business this year. Laotian business owners key Executive vice-president Pakorn Partanapat said wealth among Laotian business owners is increasing, propelled by their dynamic economic growth. This […]
Burma to Allow Foreign Banks to Begin Some Operations Next Year
December 9, 2013 by
Ground clearance and basic infrastructure preparation work has begun on an industrial estate inside the Thilawa Special Economic Zone, said the Japanese Kyodo News agency. A ceremony marking the start was attended by Japan’s Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation plus nine Burmese business partners and Naypyidaw government representatives, said Kyodo. Mitsubishi, Marubeni and […]
Myanmar Business Matching Service
August 24, 2013 by
Myanmar is often a misunderstood market. Many people think that all Myanmar people are poor. In fact our studies have shown that just in Yangon itself there are over 2,000 high income households i.e. people who own and live in own landed property and have a stable of luxury cars. These people usually own multiple […]
Rich Myanmar people shun Yangon’s property boom to Invest in London
August 7, 2013 by
Burma’s richest citizens are taking their money out of the country and investing in upmarket property in London. While foreign investors queue to get into Asia’s so-called “last economic frontier,” millions of dollars are flowing out and into bricks and mortar in the capital of the former colonial rulers, a survey has disclosed. The volume […]
