The Central Bank of Myanmar

Fighting against potential financial risks

February 6, 2018 by Thiha

Reading through the 7/2017 directive by the Central Bank of Myanmar (CBM) on the implementation of the Asset Classification and Provisioning Regulation, the words and phrases that captured my attention were: “cash flow pattern of the borrower”, “credit risk analysis” and “term loans with up to a maximum maturity of three years.” These technical terms […]

Filed Under: Latest News Tagged With: a former central banker, ALM, Asset Classification and Provisioning Regulation, asset-liability management, asset-liability risk management framework, bank loan, business plans, cash flows, CBM, credit risk analysis, financial experts, financial risks, fixed deposits, German development agency GIZ, holistic approach, lending system, Local Banks, local commercial banks, local SMEs, long-term loans, longer term loans, medium-term loans, Myanmar, non-performing loan, NPL, potential risks, risk assessment, senior adviser, Small and Medium Enterprises, SMEs, the Central Bank, The Central Bank of Myanmar, U San Thein

Specific procurement notice: Department of Rural Road Development’s Flooding and Landslide Emergency Recovery Project. Closing Date: 5 Jan 2018

December 5, 2017 by Thiha

FLERP – flood and landslide emergency recovery project Credit No.:5889-MM Contract title: San Kin – Ka Lot Thauk Road Rehabilitation Works Ayeyarwaddy Region Reference No. : NCB C2-W01-01 (single lot) Contract title: Shan Zu- Chaung Zauk To Hle Zeik Road Rehabilitation Ayeyarwaddy region Reference No. : NCB C2-W02-LOT 1-2 The Republic of the Union of […]

Filed Under: Tenders & Awards Tagged With: Bid Security, Cash Deposit, Danuphyu Township, Daw Tin Moe Myint, Department of Rural Road Development, DRRD, FLERP, flood and landslide emergency recovery project, IBRD Loans, IDA, IDA Credits & Grants, International Development Association, Kyone Pyaw Township, MInistry of Construction, National Competitive Bidding procedures, North of (200) Bedded Hospital, Pre-Bid Conference, procurement of works, Project Director FLERP, Pyinmana Nay Pyi Taw, road rehabilitation works, Shan Zu – Chaung Zauk To Hle Zeik Road, Specific Procurement Notice, The Central Bank of Myanmar, the department of rural road development, The San Kin – Ka Lot Thauk Road

AYA Bank, MPU, JCB Introduce First Corporate Credit Card in Myanmar

November 21, 2017 by thiha

Yangon and Tokyo, Nov 14, 2017 – (ACN Newswire) – Ayeyarwady Bank (AYA Bank), a major commercial bank in the Republic of the Union of Myanmar, Myanmar Payment Union (MPU), and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced that AYA Bank has launched the AYA Universal Corporate […]

Filed Under: Latest News Tagged With: ACN Newswire, AYA Bank, AYA Universal Corporate MPU, Ayeyarwady Bank, Chairman of AYA Bank, COO of JCB International, Founder, JCB Co Branded Card in Myanmar, JCB International Co Ltd, JCB Platinum Airport Lounge service, JCB Platinum Concierge Desk, JCBI, Kimihisa Imada, Ministry of Finance, MPU, Myanmar Payment Union, president, Republic of the Union of Myanmar, Special JCB Platinum Hotel Services, The AYA Universal Corporate MPU JCB Co Branded Card, The Central Bank of Myanmar, Tokyo, U Zaw Zaw, Universal Corporate Gold Credit Card, Universal Corporate Platinum Credit Card, Yangon

SMEs voice frustration over confusing government policies as challenges mount

October 23, 2017 by Thiha

Small and medium enterprises (SMEs) are still struggling to compete and expand five years after U Thein Sein’s former government established a central committee to support the sector and after the Central Bank of Myanmar recently permitted banks to approve loans without collaterals. On top of limited access to capital, insufficient supporting infrastructure, high taxes […]

Filed Under: Latest News Tagged With: AEC, an economist for the AEC, ASEAN economic community, Asia Council for Small Business, Central Committee for SME Development, Daw Chan Myae Khine, digital economy, digital market, founder of Aung Nay Lin Tun Co, Genius Coffee, government policies, Head of Amara Digital Market Service Agency, High Taxes, illegal products, independent consultant, intellectual property rights, International Council for Small Business Myanmar, Ministry of Planning and Finance, Mr. Felix Haas, Myanmar Deputy Minister, Myanmar Times, Nay Pyi Taw, new and existing policies, new company registration, Small and Medium Enterprises, SME conference, SMEs, The Central Bank of Myanmar, U Ngwe Tun, U Set Aung, U Thein Sein’s former government, U Tin Cho, Vice President U Myint Swe

Ponzi Scheme Takes Millions From Rural Myanmar

August 31, 2017 by Thiha

In the wake of Myanmar’s most widespread and financially devastating ‘Ponzi scheme,’ millions of dollars have been lost, thousands of people defrauded, and a myriad of ministries left pointing fingers. In December 2016, Saxon Capital Limited (SCL) began selling shares to residents of Pyay, Bago, Mawlamyine, and other townships promising an 80 percent return on […]

Filed Under: Latest News Tagged With: Ayeyarwady, Bago, Bago Ministry of Finance, DICA, Directorate of Investment and Company Administration, Dollars, Frontier Myanmar, Global Growth Company Limited, mandalay, Mawlamyine, Ministry of Home Affairs, Ministry of Planning and Finance’s Financial Regulatory Department, Myanmar Times, Ponzi Scheme, public-private partnerships, Pyay, Rural Myanmar, Saxon Capital Limited, SCL, Securities and Exchange Commission of Myanmar, SECM, state-owned companies, Tanintharyi, The Central Bank of Myanmar, Union Ministry of Planning and Finance, Yangon, Yangon Stock Exchange, Yangon

Tough Tax Policy, Lack of Capital Access for Myanmar SMEs

August 29, 2017 by thiha

Small and medium enterprises (SMEs) in Myanmar suffer from arduous tax and monetary policies and lack of access to capital and intellectual property protection. SME owners feel the government needs to address these issues as there are no business category for entrepreneurship and opportunities in emerging fields, such as digital applications and software. Taxes are […]

Filed Under: Latest News Tagged With: industry, SME Development Bank, The Central Bank of Myanmar, U Aye Han, U Khin Maung Cho of the Ministry of Industry, U Myint Swe, Union of Myanmar Federation of Chambers of Commerce, Yangon Chief Minister U Phyo Min Thein, Zayar Nyunt

Central Bank Issues Regulation to Avoid Large Risk Exposure

July 27, 2017 by thiha

The Central Bank of Myanmar (CBM) has issued a regulation in efforts to curb the risks faced by lenders when taking on large exposure loans. The Large Exposure Regulation mandates that banks cannot lend beyond 20 percent of their core capital to any single borrower, thus minimizing the bank’s exposure should the borrower default. “Capping […]

Filed Under: Latest News Tagged With: Banking Su¬pervision Department, Banking Su¬pervision Department of the Central Bank of My¬anmar, Capital Adequa¬cy, CBM, Former Vice Chairman of CBM, Liquidity Ratio, Myanmar Business Today, The Central Bank of Myanmar, The Large Exposure Regulation, U Than Lwin

Central Bank takes aim at dollar-denominated deposits

June 16, 2017 by thiha

The Central Bank of Myanmar had already published warnings twice and defined the type of punishments in relation to different institutions, said U Win Thaw, director general of the Foreign Exchange Management Department at the Central Bank of Myanmar. The comments were made regarding the illegal use of dollars in local businesses. The central bank […]

Filed Under: Latest News Tagged With: director general of the Foreign Exchange Management Department at the Central Bank of Myanmar, Dollar deposits, dollar-denominated deposits, Indonesia, Indonesian authorities, local and foreign currency-denominated, Myanmar, Myanmar kyats, The Central Bank of Myanmar, the private banks, U Maung Maung Lay, U Win Thaw, vice chair of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI)

Central Bank Turns to Interbank Transaction Rate

March 4, 2017 by thiha

The Central Bank of Myanmar will no longer fix the reference rates for currency exchange, said its vice-governor Set Aung. “Currently, the fixing of the reference exchange rate is based on the auction system. The reason is that currency exchange rates between the government and the private exchange counters differ. The central bank is […]

Filed Under: Latest News Tagged With: IMF, Technical Assistance of the International Monetary Fund, The Central Bank of Myanmar, Vice Governor Set Aung

Central Bank May Liberalise Trade Financing for Foreign Banks

February 21, 2017 by thiha

The Central Bank of Myanmar may allow foreign banks to launch trading services if local banks are unable to facilitate trade financing for importers and exporters, Central Bank director general U Win Thaw told the Myanmar Times. “The Central Bank has already allowed local private banks to do trade financing. If they [local private […]