U Kyaw Kyaw Maung has been re-appointed as the governor of the Central Bank of Myanmar (CBM), a move that has attracted some criticism among the country’s business community. Kyaw Kyaw Maung had previously headed the bank from 1997 to 2007, and returned to the role in 2013 when he was installed by then-president U Thein Sein. His five-year term ended on July 31, and he will now continue in the role until 2023. However, some members of the business community have expressed dissatisfaction about the appointment, according to reports. An article in the Myanmar Times quoted an unnamed “western business leader” as saying that the international business community was “shocked” by the appointment. The article said that Asian business executives had also “expressed their strong disapproval privately”. The main concern appears to be a lack of meaningful reforms at CBM during Kyaw Kyaw Maung’s time as governor.