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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Burmese bank to go public in 2015

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Monday, 28 January 2013 12:16 Khin Myo Thwe

A representative from the Asia Development Green Bank (AGD Bank) has confirmed that it will go public in 2015.

“The Central Bank has allowed AGD Bank to form a public company. It has applied to the companies’ registration department and once the company gets permission to form a public company, foreign experts will be assigned to evaluate the company’s assets to set the share value,” said U Thet Lwin Shwe, deputy managing director of AGD Bank.

He continued, “We had meetings with foreign investors—most of them are from foreign public companies. We are preparing to issue shares when the stock share exchange market begins in 2015.”

As the first step of becoming a public company, the shares will be issued to bank staff member free of charge, the remainder will be sold to the public.

Other banks such as: First Private Bank Ltd., Yoma Bank Ltd., Myanmar Citizen Bank Ltd., Myanmar Livestock and Fisheries Development Bank Ltd., Small and Medium Enterprises Development Bank will become public banks, as well.

At the moment Burma only has a little known 17-year-old stock market offering over-the-counter deals in a handful of stocks.

Burma's reformist regime is eyeing a modernization of the country's antiquated banking sector, which was left in tatters by decades of military rule and economic mismanagement.
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For more background:

http://www.mizzima.com/business/8783-asia-green-development-bank-aims-to-go-public.html

http://www.mizzima.com/business/7413-burmas-banking-landscape-changing-fast.html

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