While Myanmar’s banking sector has much to do in order to catch up to its neighbours, it should remain on track to expand rapidly as the economy grows and penetration deepens. Regulatory reforms will be key to expansion and foreign access. Elsewhere in the financial services sector, Yangon Stock Exchange (YSX) is Myanmar’s fourth try at launching a securities market, but it is by far the most...
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Chapter | Financial Services from The Report: Myanmar 2015
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.
Interviews & Viewpoints | AbdulRazak Ali Issa, CEO, Bank Muscat: Interview from The Report: Oman 2015
What can the recent strong growth in the banking sector predominantly be attributed to?
Articles & Analysis | Islamic financial services have tremendous growth potential from The Report: Oman 2015
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...
Interviews & Viewpoints | Hamood Al Zadjali, Executive President, Central Bank of Oman (CBO): Interview from The Report: Oman 2015
How can the CBO’s regulations best support the strategic goal of economic diversification?