Not only are Myanmar institutions improving in safety, soundness and accountancy, they are also expanding their use of technology. Several banks are adopting the latest systems in an effort to become modern financial services companies, while more generally the country is developing its digital strategy to allow for channels that enhance the...
In 1948, when Burma became independent, we established a parliamentary democracy. And, at that time, we could say that we were one of the foremost countries in Asia to have adopted parliamentary democracy. However, the race is not always to the swift nor the battle to the strong. Time and chance happen to us all. Time and chance happened to...
In the wake of sweeping reforms undertaken since 2011, Myanmar’s banking sector has been advancing at a rapid pace to become safer, sounder and better regulated. The majority of banking institutions are rising to the challenge by adopting international best practices, especially in terms of accountancy, and investing in systems that promise to...
What steps can be taken to ensure that current EU-ASEAN free trade agreement (FTA) negotiations do not end in another impasse?
In a move to further liberalise its business environment and improve investor certainty, the government of Myanmar recently promulgated the new Myanmar Investment Law (MIL), which was drafted by the country’s primary investment oversight entity, the Myanmar Investment Commission (MIC).
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