Kayin State’s economy is ready to take off after decades of instability and isolation, with hopes resting on development of infrastructure leading to closer integration with Thailand and the Mekong sub-region, according to the state’s chief minister.
KBZ, the country’s largest private bank, has been chosen to run settlement and clearing operations for the forthcoming Yangon Stock Exchange, according to KBZ senior managing director U Than Cho.
The government urgently needs to prepare a finance sector development strategy focusing on three main objectives – increasing financial sector efficiency, stability and inclusion, according to a recent working paper published by the Asian Development Bank.
Norway's Statoil and US-based ConocoPhillips will invest more than US$300 million in the exploration and production of offshore oil and gas in Myanmar, according to an official from the Ministry of Energy (MOE).
Trading in beans, pulses and paddy could move from warehouses to the web as soon as this month, as the Myanmar International Commodity Exchange (MICEx) prepares to launch its online platform.