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Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources. In 2013, its GDP (nominal) stood at US$56.7 billion and its GDP ( PPP ) at US$221.5 billion. [ 1 ] The income gap in Myanmar is among the widest in the world, as a large proportion of the economy is controlled by supporters of the former military government.
This designation places them among the few companies authorized to provide insurance services in Myanmar. [4] IG also holds a finance license from the Myanmar Government, enabling them to engage in SME financing. Additionally, they have a separate entity dedicated to providing microfinancing services, further bolstering their presence in the ...
Its flagship company, First Myanmar International (FMI), was established in 1992 as one of Myanmar's first publicly traded companies. SPA Group was founded by Serge Pun, a Sino-Burmese, in Hong Kong in 1983 as an investment holding and operating company. [1] The company was registered in Myanmar in 1991. [1]
The world risks a "great fracture" of its economic and financial systems, U.N. Secretary-General António Guterres said on Thursday at a summit with Southeast Asia's ASEAN bloc, China, the United ...
First Myanmar Investment (also abbreviated FMI) is a major Myanmar investment company founded in 1992 as one of Myanmar's first publicly traded companies. [1] It is a subsidiary of Serge Pun & Associates. [1] The company's headquarters are located in Pabedan Township, Yangon. [2] Real estate contributes to 87% of FMI's revenue. [1]
This subsequently expanded into the finance, agriculture, aviation, manufacturing, and tourism sectors. [ 2 ] Aung Ko Win (also known as Saya Kyaung) is a former schoolteacher with close connections to General Maung Aye , the former second in command of the former military junta, the State Peace and Development Council (SPDC). [ 1 ]
In 2016, uab bank and Asian Development Bank signed a trade finance agreement to support businesses in Myanmar. [9] In 2017, uab bank launched Visa-branded credit cards in Myanmar to cater to the demand for electronic payments in the country. [10] uab bank and Global Star Co. Ltd. partnered with Huawei to distribute solar energy products in ...
This is the list of banks in Myanmar. There are a total of 31 local banks and 13 foreign branched banks in Myanmar. There are a total of 31 local banks and 13 foreign branched banks in Myanmar. [ 1 ]