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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 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 ]
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 ]
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 ...
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 ...
At the age of just 21, Win Win assumed the management of City Mart Holding Company Limited (CMHL), a recently-formed family company. She expanded the City Mart supermarket chain and launched bakeries, cafes, health and beauty stores, as well as other food and beverage brands that have since become household names in Myanmar.
Michael Moe Myint (Burmese: မိုးမြင့်) is a Burmese business tycoon, who founded and runs 2 major companies in the country's petroleum industry, Myint & Associates, a service provider and MPRL E&P, a gas extraction company.
Wave Money was established in 2015 as a joint venture between Telenor Group, Yoma Bank, Yoma Strategic Holdings and First Myanmar Investment. [1] The founding CEO of Wave Money was Brad Jones, an experienced executive in mobile financial services who had also been the founder of Wing Cambodia in 2008.