Thai SCB granted license to setup local bank in Myanmar

Thai SCB granted license to setup local bank in Myanmar

The Bangkok Post reported that Siam Commercial Bank (SCB), Thailand’s fourth-largest commercial lender by assets, has set up a bank in Myanmar. It received a subsidiary business licence from the Central Bank of Myanmar, aiming to expand via off

Mastercard makes moves in Myanmar

Mastercard announced this week that it would open an office in Myanmar, one in a series of steps towards the modernization and digital leapfrogging of the Myanmar economy. “Mastercard aims to support the advancement of Myanmar’s digital payme
Seven Asian banks granted preliminary licenses in Myanmar

Seven Asian banks granted preliminary licenses in Myanmar

Among the 7 new banks granted preliminary licenses (out of 13 applications) are 3 banks from Korea (state-run Korea Development Bank (KDB), Industrial Bank of Korea (IBK), Kookmin Bank), 2 from Taiwan (Cathay United Bank and Mega International Commer

Singaporean and Norwegian firms latest to invest in Myanmar banking

Singaporean sovereign wealth firm GIC Pte and Norwegian firm Norfund AS will invest in Yoma Bank, becoming the latest to take advantage of new finance rules that allow foreign firms to buy stakes in Myanmar financial institutions. GIC will buy 20 per

Government banks will merge

Four government-owned banks will eventually merge into one entity in order to streamline their operations, especially for small-scale lending. Union Minister of Planning, Finance and Industry U Soe Win made the announcement at a workshop for micro,

Four ways Myanmar can boost online shopping

Even the United Nations says Myanmar is dismal for online shopping. The country ranked 126th in the The United Nations Conference on Trade and Development’s (UNCTAD) “Business-to-Consumer (B2C) E-commerce Index.” measuring an economy’s pr