Mizzima awarded global JTI certificate for reliable news on Myanmar

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Mizzima Mizzima, one of Myanmar ’s most prominent news outlets and a press freedom advocate, obtained the Journalism Trust Initiative ( JTI ) certification from global audit firm Bureau Veritas , JTI says in a press statement 5 January.  Operating in clandestine mode within Myanmar and supported by an exiled team, Mizzima strives to fulfil its role as reliable source of news and information for the Myanmar public. “Your Journalism Trust Initiative certification affirms what audiences already know: that principled, transparent journalism matters. Congratulations on this achievement and on your continued contribution to informing citizens about Myanmar,” says Benjamin Sabbah , director of Journalism Trust Initiative “Myanmar’s ongoing conflict has created an intensely contested media landscape, where mis- and disinformation are increasingly deployed to reinforce state propaganda and the prevailing “official” narrative. Although Mizzima is already regarded as one of the most trusted ...
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International banking cards in Burma by 2013

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Monday, 30 July 2012 14:15 Mizzima News

Three international banking cards will be introduced in Burma by the start of 2013, domestic media reported on Monday.

The three international bank cards are VISA, CUP (China Union Pay) and Japan Credit Bureau (JCB), said 7-Day News.

An international banking care Photo: Photo: Flickr / MoneyBlogNewz

ATMs of private banks operating under the Myanmar Payment Union (MPU) system will accept the three international banking cards, allowing the withdrawal of cash from an automatic teller machine (ATM) of any MPU member bank under the system, it said.

Meanwhile, on July 9, 11 private banks including Kanbawza Bank, Cooperative Bank, Myanmar Industrial Development Bank, Myawaddy Bank, Inwa Bank, Myanmar Oriental Bank, Asian Green Development Bank, Ayeyawaddy Bank, Myanmar Pioneer Bank, United Amara Bank and Tun Foundation Bank started offering foreign currency accounts in US dollars, Euros and Singapore dollars as well as FECs (Burmese foreign exchange certificate).

The banks also were permitted in November 2011 to trade three foreign hard currencies – US dollar, Euro and Singapore dollar.

There are a total of 19 private banks and three state-owned banks in Myanmar.

The state-owned banks are Myanmar Economic Bank (MEB), Myanma Foreign Trade Bank (MFTB) and Myanma Investment Commercial Bank ( MICB).

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