The Ministry of Finance and Revenue is implementing monetary reforms for development of monetary sector which plays a pivotal role in economic growth of the State, said Union Minister for Finance and Revenue U Win Shein at the Workshop on National Level Monetary Service Development and Investment
Opportunities held at Thingaha Hotel here on 18 September.
The Union Minister pointed out that the ministry has permitted to open new private banks and extend banks,has granted issued money changer license, authorize dealer license and has carried out deposit insurance,special drawing rights,managed floating exchange rate regime,foreign exchange auction,two way foreign exchange auction,with private banks which have gor license for foreign currency exchange.
The Microfinance Law was promulgated on 30-11-2012 and the Foreign Exchange Management Law on 10-8-2012.Plans are underway to implement banking network for promotion of payment system and Myanmar payment Union Card (MPU-Debit Card).Central Bank of Myanmar has signed MoUs with Tokyo Stock Exchange of Daiwa Research Institute and Policy Research Institute (PRI) of Japanese Finance and Revenue Ministry for capital market development.
The purpose of the workshop is to take advices from scholars,institutions and entrepreneurs in implementation monetary sector development for public convenience, he added. Policy and plan will be carried out based on the results from the workshop by seeking successful implementation tasks and investment opportunities explained.
Then resource persons including Deputy Minister for Finance and Revenue Dr. Maung Maung Thein read out their papers and those attendees participated in discussions.
Present at the workshop were Union Minster at the President Office U Hla Tun,
Union Minister for Transport U Nyan Tun Aung,Union Minister for National Planning and Economic Development Dr. Kan Zaw, Deputy Ministers for Finance and Revenue Dre. Lin Aung and Dr. Maung Maung Thein,Governor of Central Bank of Myanmar U Than Nyein,Representatives of Pyidaungsu Hluutaw and Amyotha Hluttaw,managing directors and directors-general and directors of Central Bank of Myanmar,scholars,entrepreneurs and media pwersons totalling 195,-MNA
THE KOREA-MYANMAR INDUSTRIAL COOPERATION FORUM 2012 AND ONE-TO-ONE BUSINESS MATCHING WITH KOREAN DELEGATES
DATE: 24th Sept,2012 Monday
Venue:Grand Ball Room,Chatrium Hotel,Royal Lake,Yangon
37 companies to be led by H.E. Mr. Jaedo Moon,Deputy Minister for
Organizers: Ministry of Knowledge Economy
Mineral Resources Cooperation Committee
Embassy of the Republic of Korea
KOTRA (Korea Trade Investment Promotion Agency
Group Meeting: For Myanmar entrepreneurs who have pianned projects and
look for Korean Investors
Invited guests have to arrive at before 8:30 am.