U Zaw Lin Aung

KBZ Launches Visa Credit Cards After Landmark Ruling by Central Bank

February 7, 2017 by thiha

Kanbawza Bank (KBZ) has begun issuing Visa credit cards, making it the second of Visa’s Myanmar partners to do so after the Central Bank of Myanmar (CBM) lifted restrictions last month. CB Bank was the first of the local banks to issue Visa credit cards in January, a week after the move by the […]

Filed Under: Latest News Tagged With: CBM, Central Bank of Myanmar, Daw Shwe Zin Win, General Man¬ager of KBZ, Kanbawza Bank, kbz, U Zaw Lin Aung

Visa and KBZ to Produce Kyat-Denominated Credit Cards

January 12, 2017 by thiha

RANGOON — Burma’s KBZ bank and international payment provider Visa announced on Thursday that they would jointly issue new payment cards, after receiving the green light to do so from the Central Bank of Myanmar the day before. The Central Bank announced on Wednesday that international payment providers could now offer products and services in […]

Filed Under: Latest News Tagged With: Arturo Planell, Burma, Central Bank of Myanmar, International Payment provider, KBZ BAnk, Kyat denominated credit cards, Myanmar, Rangoon, Shan State, Taunggyi, U Zaw Lin Aung, visa, Yangon

Myanmar’s KBZ Bank picks S’pore as launch pad to region

October 7, 2016 by thiha

One of Myanmar’s biggest privately owned banks aims to use Singapore’s prime location as a launch pad to expand its commercial presence in the region. U Nyo Myint, senior managing director of Kanbawza Bank (KBZ Bank), said yesterday: “The bank is one of the most successful banks in Myanmar and we would like to expand […]

Filed Under: Latest News Tagged With: China, DBS Bank, Kanbawza Bank, KBZ BAnk, Kuala Lumpur, Mr Dexter Tan, Myanmar, OCBC Bank, One Raffles Place, singapore, U Nyo Myint, U Zaw Lin Aung, United Overseas Bank in Myanmar

YSX needs institutional investors, say industry figures

May 16, 2016 by Thiha

The Yangon Stock Exchange needs larger and more experienced investors to start trading as its current buyers lack experience, industry sources said at an Oxford Business Group capital market debate last week. The individual traders dominating the new bourse – also called retail investors – are poor at assessing a company’s financial health, analysing cash […]

Filed Under: Latest News Tagged With: Amara Investment Securities, Directorate of Investment and Companies Administration, First Myanmar Investment, industry figures, institutional investors, KBZ Stirling Coleman Securities, Myanmar Companies Act, Myanmar Thilawa SEZ Holdings Public Ltd, Neville Daw, Oxford Business Group, Securities Exchange Commission, Thura Swiss, U Aung Thura, U Thet Tun Oo, U Zaw Lin Aung, Yangon Stock Exchange

No new shares to trade on YSX until July: underwriters

March 7, 2016 by thiha

The first long-awaited initial public offerings on the Yangon Stock Exchange will not include any new shares, said underwriters, while the first company to raise fresh capital is unlikely to list until July. The YSX opened last December to much fanfare but with no stocks to trade. Crowds gathered, a giant bell was rung and […]

Filed Under: Latest News Tagged With: AYA Bank, AYAtrust, AYAtrust Securities, CB Securities, Citizens Bank, Corporation, First Myanmar Investment, First Private Bank, FMI, Great Hor Kham, Holdings, KBZ Stirling Coleman, KBZSC, MTSH, Myanmar, Myanmar Agribusiness, Myanmar Securities Exchange Centre, Myanmar Thilawa, Public, securities, SEZ, U David Soe Lin, U Nyo Myint, U Zaw Lin Aung, U Zaw Zaw Oo, Yangon Stock Exchange

Kanbawza Group eyes OTC market

December 28, 2015 by thiha

Kanbawza Group is hoping to set up its own OTC market next year, with two of its entities already granted separate licences to operate as an underwriter and settlement bank for Yangon’s new stock exchange. The group is hoping to set up an OTC market early next year, and is looking for companies to collaborate […]