Burma’s largest private bank, KBZ, hires a banking expert to act as CEO and as special adviser to the bank’s chairman U Aung Ko Win.
Govt and army facilities 'fail to pay electric bills'; Rainy season rebranded; Foreigner law hurts property sector; Burma coffee tastes success.
‘Our target is to install 850 ATM machines by the end of March,’ says CB Bank’s general manager.
First Private Bank will begin trading on the Yangon Stock Exchange on Jan. 20.
The Myanmar Gold Entrepreneurs Association plans to open a gold exchange market in Rangoon this year.
KBZ Bank pays at least 20 billion kyats (US$14.7 million) in income tax, while Denko Trading tops list of commercial taxpayers.
ANA will reportedly be working with a local partner, the Shwe Thanlwin Co., which operates transportation, banking and broadcast media in Burma.
‘Now that development polices are back to normal, we all have to start over from the beginning,’ says director of Nay Kabar Construction.
‘This plan will encourage people to save money regularly and at a higher interest rate,’ says U Soe Tin Maung Zaw, the bank’s general manager.
‘We’re afraid to start work these days, because the dollar exchange rate is rising incredibly,’ says U Myo Min Aung of Myanmar Retailer Association.
By the end of a recent day’s trading just 7,221 shares were traded, compared with nearly 839 million the same day on the New York Stock Exchange.
The country’s first mobile financial service announces it will expand its business network from 4,000 to 6,000 shops by the end of 2016.
Business community now waits for the state counselor to reveal more detail on the government’s investment policies.