An escalation in fighting between the Myanmar National Democratic Alliance Army and the Tatmadaw near the town of Mong Ko on the China border has emptied villages, while inflaming longstanding tensions over who controls the area.
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The decision to move the country’s financial year to an October-September timeline will not only cause headaches regarding tax collection, it will also further erode trust in an administration that is yet to prove it can effectively manage the economy.
The decision to move the country’s financial year will further erode trust in an administration that is yet to prove it can effectively manage the economy.
The Myanmar government is preparing to liberalise the insurance market and allow in foreign players, but it’s unclear whether that will be on a joint venture or fully owned subsidiary basis. Mr Ng Keng Hooi, group chief executive and president of AIA Group, discusses the state of the insurance market, his company’s plans for Myanmar and the perceived lack of independence of the local regulator with Frontier’s Kyaw Ye Lynn.