Month: December 2020

Myanmar Times | Myanmar Credit Bureau Limited (MMCB) on December 30 launched the country’s first and only modern credit bureau. MMCB, which is licensed by the Central Bank of Myanmar (CBM), will provide Myanmar with a modern credit reporting system that will enable lenders to expand the financing options available for individuals and businesses. It […]

Myanmar Times | The Myanmar government has further extended COVID-19 preventive measures in the country until January 31, 2021 to curb the spread of COVID-19. The National Level Central Committee on Prevention, Control and Treatment of COVID-19 announced December 29 that it will extend restrictions [excluding those which are to be relaxed or tightened further] […]

Myanmar Times | AMATA Holding Public Co., Ltd. has become the seventh company to be listed on the Yangon Stock Exchange, in accordance with the Securities and Exchange Act. The stock exchange announced the listing of AMATA on December 28, allowing the company to trade shares on the main board. AMATA is expected to announce […]

Myanmar Times | South Korea’s KB Kookmin Bank has received a Central Bank license to open its first subsidiary outlet in Myanmar come January. The bank was among seven other foreign banks to receive approved to operate in the country  in April. It will now be the first foreign bank to set up a subsidiary in Myanmar and […]

Myanmar Times | The Covid-19 pandemic has led to the closure of some 100 CMP (Cut Make Pack) factories in Myanmar, said a representative from the Myanmar Garment Manufacturers Association. Khin Maung Oo said that the pandemic has resulted in difficulties in meeting orders and a decline in global sales, forcing these factories to either […]