Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.
Maintaining a growth streak for six consecutive years, the Philippines Stock Exchange’s (PSE) momentum is expected to continue into 2015, thanks to projected gains from cheaper oil prices and a strong growth outlook among dimming prospects in the region.
What can the recent strong growth in the banking sector predominantly be attributed to?
The burgeoning Islamic financial services (IFS) industry in Oman is expected to have a major impact on the domestic banking sector and the economy as a whole in the coming years. Since the launch of the country’s first sharia-compliant bank in late 2012, the sector has grown rapidly. As of September 2014 the sultanate was home to two full-fledged Islamic banks, Bank...
How can the CBO’s regulations best support the strategic goal of economic diversification?
The banking sector posted solid growth in 2013 and the first half of 2014, on the back of improving asset quality, coverage and capital adequacy, a burgeoning Islamic banking segment and significant expansion in the economy. The industry comprises 16 conventional commercial banks – including seven local and nine foreign institutions – as well as two sharia-compliant...
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