Central Bank of Myanmar introduces updated clearing and settlement system

Central Bank deputy governor U Soe Min said the institution has introduced a new payment and settlement system called CBM-NET 2 on November 16. The Central Bank of Myanmar, supported by Japan and commercial banks, this week launched the Central Bank of Myanmar Financial Network System 2, an upgraded version from the old system. It […]

Exports face huge hurdles

The problems of a beans and pulses export company last month lay bare the challenges potential exporters must overcome to gain significant international market share. Merchants in Yangon’s Bayinnaung bean market were accused of selling large amounts of beans and pulses to Indian buyers without actually having the product. When bean prices unexpectedly shot up, […]