According to the Ministry of Hotels and Tourism the number of international entrants to Myanmar in 2013 doubled to 2m from the previous year, with data showing that during the first half of 2014 a 40% year-on-year increase in arrivals was also recorded. The government is hoping to channel the industry’s short-term growth into long-term benefits for the country. In June 2013 the ministry...
Myanmar
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Articles & Analysis | The country’s stock exchange is planned to be operational by late 2015 from The Report: Myanmar 2015
Myanmar is laying the groundwork for the active capital markets it has never really had. The formal launch of a new Yangon Stock Exchange (YSX), backed by Japan’s Daiwa Securities Group and Japan Exchange Group (JPX), was being targeted by the end of 2015, along with a new Securities Exchange Commission (SEC) to regulate capital markets. Although the YSX launch is...
Articles & Analysis | Despite the issuing of licences to nine foreign banks, the extent of their involvement remains unclear from The Report: Myanmar 2015
The central bank’s decision to award bank licences to nine foreign groups in October 2014 was widely hailed as a major breakthrough in bringing Myanmar’s underdeveloped financial sector into the modern era. But the really big decisions over how much foreign involvement will be allowed still lie ahead.
Interviews & Viewpoints | OBG talks to Andrew Géczy, CEO of International and Institutional Banking, ANZ Bank; Chartsiri Sophonpanich, President, Bangkok Bank; and Abdul Farid Alias, Group President and CEO, Maybank from The Report: Myanmar 2015
What were the key factors behind the decision to apply for an operating licence in Myanmar?
Interviews & Viewpoints | U Win Shein, Minister of Finance: Interview from The Report: Myanmar 2015
How will regional integration under the ASEAN Economic Community (AEC) assist in the development of the local banking sector?
Articles & Analysis | Opening up for investment, the sector is set for significant expansion from The Report: Myanmar 2015
The insurance sector is at an early stage of development, with private insurers just beginning to develop since 2013 after a long period in which the sector was fully nationalised. Twelve companies, most of them linked to major banks or conglomerates, were licensed to launch insurance businesses in May 2013, and foreign insurers were expected to be invited in 2015 to...