U Pe Myint

Myanmar Takes Small Steps Towards Providing Greater Liquidity for SMEs

January 18, 2018 by thiha

A rising number of start-ups as well as small and medium enterprises (SMEs) are emerging in Myanmar as business opportunities rise. However, many companies fail to achieve their full potential and contribute substantially to the economy because capital assistance is lacking in the country. In Myanmar, banks require collateral in the form of property before […]

Condo buyers struggle with hire-purchase payment

March 30, 2016 by thiha

Developers of residential projects in Yangon have found themselves with less cash than expected, as buyers fail to stick to the terms of hire-purchase plans and do not make regular payments. An underdeveloped banking system means real estate developers tend to fund their projects through off-plan sales. Myanmar has no mortgage system and as some buyers cannot […]

Filed Under: Latest News Tagged With: CB Bank, developers, Ko Zay Thiha, Myanmar Construction Entrepreneurs Association, U Kyaw Kyaw Soe, U Pe Myint, Yangon, Zaykabar Company

Who’s who: Myanmar’s new cabinet

March 28, 2016 by thiha

Take a look inside the National League for Democracy’s new proposed government with insider profiles of the party’s 18 candidates for ministerial posts: Daw Aung San Suu Kyi (foreign affairs; president’s office; education; energy and electric power) The National League for Democracy leader needs little introduction. Has vowed to rule “above the president”, and with […]

Filed Under: Latest News Tagged With: agriculture, Amyotha Hluttaw, Ann township, ASEAN Federation of Engineering Organizations, Ayeyarwady Region, Border affairs, Brooklyn Park University, Central Command, Chin State, Colorado State University, Commander-in-Chief Senior General Min Aung Hlaing, Cyclone Nargis, Dagon Seikkan Township, Daw Aung San Suu Kyi, Dr Myint Htwe, Global Academy of Finance Management, Hlaing Tharyar, Hotels and Tourism, Insein prison, Institute of Public Health, International Writing Program, irrigation and livestock, Kawhmu, Kia cars, Latha township, Lt Gen Kyaw Swe, Lt Gen Sein Win, Lt Gen Ye Aung, Magwe, Magwe Medical University, Mawlamyine, Meiktila, MIC, Ministry of Defence, Ministry of Home Affairs, Ministry of Science and Technology, Mon Democratic Party, Mon Development Party, Monywa, Myanmar Academy of Medical Science, Myanmar Engineering Society, Myanmar Institute for Integrated Development, Myanmar investment commission, Myanmar Oil and Gas Enterprise, Myanmar Railways, Naing Thet Lwin, National League for Democracy, natural resources and environment, NLD, Pacific Western University, Pyithu Hluttaw, Rangoon Institute of Technology, religious and cultural affairs, Sagaing, Southwest Region Command, Tagaung Institute of Political Studies, Taungoo University, the University of Iowa, Thura U Aung Ko, Thura U Shwe Mann, U Aung Thu, U Khin Maung Cho, U Kyaw Win, U Ohn Maung, U Ohn Win, U Pe Myint, U Than Myint, U Thant Zin Maung, U Thein Swe, U Win Khaing, U Win Myat Aye, United Engineering Group, University of Forestry, University of the Philippines, USDP, Yangon, Yangon University, Yezin

Savers stuck with bank deposits despite negative real rates

January 11, 2016 by Thiha

Bank accounts remain the most popular choice of investment for savers, despite inflation running higher than commercial banks’ deposit rates, said financial industry sources. Bank workers count cash in a branch in Yangon. StaffBank workers count cash in a branch in Yangon. Staff Sources at several commercial banks said there had been no decrease in […]

Filed Under: Latest News Tagged With: Bank accounts, Central Statistical Organization, Commercial Banks, Financial industry sources, investment, managing director of CB Bank, Ministry of Finance, savings accounts, Thilawa SEZ Holdings, U Maung Toe, U Pe Myint, Yangon Stock Exchange (YSX)

Heavyweight Bank of Tokyo-Mitsubishi UFJ prepares its Yangon office for opening

March 25, 2015 by thiha

The Bank of Tokyo-Mitsubishi UFJ could officially open its branch office as soon as next month, as the firm looks to provide financial services to foreign investors, according to the bank’s chief executive officer for Asia and Oceania, Go Watanabe. “We are excited to open the branch as soon as possible, maybe even next month, […]

Filed Under: Latest News Tagged With: ASEAN-Myanmar Forum, Asia, Bank of Tokyo-Mitsubishi, central bank, China, Go Watanabe, Japan, MIC, Mr Watanabe, Myanmar investment commission, Oceania, singapore, Singapore Institute of International Affairs, SME, Thailand, U Aung Naing Oo, U Pe Myint, UFJ, Yangon

Ecommerce services for payment to start

February 10, 2015 by thiha

Local consumers are increasingly taking to the web to make a deal, yet paying for products is still a major headache. While services like US-based PayPal and China’s AliPay are making it easy for seamless e-commerce around the world, Myanmar is still a cash-based society, with few of the solutions that has helped drive online […]

Filed Under: Latest News Tagged With: Alipay, Daw Thwe Khaing Zin, eCommerce, MPU, Myanmar Payments Union, online shopping, PayPal, Target for Chance, U Pe Myint, U Zaw Lin Htut

Central Bank notes caution on foreign banks

May 14, 2014 by thiha

Central Bank of Myanmar vice governor U Set Aung appeared to back off a previously discussed timetable to allow foreign banks in to operate in Myanmar, declining to confirm plans to allow foreign banks to begin operations in 2014. Foreign banks will be allowed to offer services in Myanmar eventually but the timeline is still […]

Filed Under: Latest News Tagged With: ANZ Bank, Bangkok Bank, banking, CB Bank, Central Bank of Myanmar, Myanmar Federation of Chambers of Commerce and Industry, Myanmar Fishery Federation, Standard Charter, U Hnin Oo, U Pe Myint, U Set Aung

ADB tackles a banking barrier to trade

May 6, 2014 by thiha

The Asian Development Bank (ADB) moved to ease international business money transfers from Myanmar by guaranteeing Letter of Credit transfers from CB Bank, CB managing director U Pe Myint said. A Letter of Credit from a bank guarantees the seller will receive a payment from the buyer on time, with the bank responsible if the […]