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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Money exchange services start next month

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Friday, 27 January 2012 18:11 Mizzima News

(Mizzima) – Four Burmese private banks will provide money exchange services in Singapore, Malaysia and Thailand starting in February, according to Rangoon media.

The move is designed to begin foreign trade services with Asean members. The banks participating are the Cooperative Bank, Kanbawza Bank, Asian Green Development Bank and Ayeyawaddy Bank, said an article in the Yangon Times.

The service will allow migrant workers in Singapore, Thailand and Malaysia to remit money to Burma.

The Cooperative Bank will handle remittances from workers in Singapore; the Ayeyawaddy Bank in Malaysia; the Kanbawza Bank in Thailand; and Asian Green Development Bank in Singapore and Malaysia.

Meanwhile, recent economic changes exempted Burmese citizens living abroad from paying income tax for money earned in foreign currency starting Jan. 1.

Changes in the banking sector in November last year now allow 11 private banks out of 19 to trade three foreign hard currencies – U.S. dollar, Euro and Singapore dollar.

The 11 private banks include 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.

There are three state-owned banks in Burma: Myanma Economic Bank, Myanma Foreign Trade Bank and Myanma Investment Commercial Bank.

The article said there are 15 foreign bank representative offices from nine countries operating in Burma; four from Singapore, two each from Bangladesh, Malaysia and Japan, and one each from Cambodia, Thailand, Brunei, Vietnam and China.         

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