South Korea to provide Infrastructure projects loan
Myanmar and South Korea have agreed upon a financing framework that will dole out loans totaling USD 1 billion. The loan will finance a wide range of infrastructure projects. The agreement was signed by Union Minister for Investment and Foreign Econo
Yangon Stock Exchange hit highest trade volume to date
August was the best month to date for the The Yangon Stock Exchange (YSX), with a total of 322,176 shares traded. The total value of those trades was MMK 1.9 billion, according to the YSX monthly report. That number is up from MMK 1.22 billion in tra
Joint-Venture Model Fuels Financial Liberalization
For Myanmar’s insurance sector joint-ventures (JVs) constitute a powerful mean to liberalize the market. Last April, the Ministry of Planning and Finance (MoPF) granted five foreign insurance providers the provisional right to be registered as a 10
Five foreign insurers to be allowed to operate in Myanmar
The Ministry of Planning and Finance has announced the names of the five foreign insurance companies that will be allowed to operate in the Myanmar market. Analysts hope the entry of foreign insurers will bring a much-needed boost to the country’s
Kargo and Yoma Bank agree on unsecured loan
Local online logistics firm Kargo has signed an SME loan agreement with Yoma Bank worth USD 130,000 (MMK 200 million). A press release said that the loan is aimed at resolving cash flow issues among small and medium enterprises (SMEs). The business m
