Demand sees gold prices surge to nearly K1.3million

Gold prices surge amid banking sector mistrust

Posted on

Myanmar’s domestic gold prices reached MMK 1.3 million per tical (about 16.33 grams) on September 5th. It has been the highest rate this year. Economic uncertainty and the rising value of the dollar against the kyat are thought to be driving in

Read More

1.4 Billion MMK Loan Agreement Reached With Mahar Bawga Finance Company Limited

Mahar Bawga raises loan from AGD Bank

Posted on

Yangon-based financial institution Mahar Bawga Finance Company (MBF) has announced that it has received a MMK 1.4 billion (USD 916,000) loan from AGD Bank. According to an article in Dealstreet Asia, MBF said that the funds will be used to open new b

Read More

MAB launches wealth segment

MAB launches wealth banking service as competition rises

Posted on

Myanmar Apex Bank (MAB) has launched a special wealth banking and rewards programme for high net worth individuals, according to a report in the Myanmar Times. MAB Gold Wealth Banking  is targeting those who can place a minimum fixed deposit of K300

Read More