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Innwa Bank
Innwa Bank Limited ( my, အင်းဝဘဏ်လီမိတက်) is a private commercial bank in Burma (Myanmar). Innwa Bank was founded by the Myanmar Economic Corporation (MEC) in 1997, a major conglomerate owned by serving and retired military officers of the Tatmadaw Tatmadaw (, , ) is the official name of the armed forces of Myanmar (formerly Burma). It is administered by the Ministry of Defence and composed of the Myanmar Army, the Myanmar Navy and the Myanmar Air Force. Auxiliary services include th ..., affiliated with the Myanmar Ministry of Defence. The bank serves as a financial vehicle for MEC's subsidiaries and affiliates. Innwa Bank is wholly owned by MEC, which is in turn, owned by the government. Military authorities control the bank's management. References {{reflist Banks of Myanmar Banks established in 1997 1997 establishments in Myanmar Entities related to Myanmar sanctions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myanmar Economic Corporation
The Myanmar Economic Corporation ( my, မြန်မာ့စီးပွားရေး ကော်ပိုရေးရှင်း; abbreviated MEC) is one of the two major conglomerates and holding companies operated by the Burmese military, the "Tatmadaw." The U.S. Treasury Dept. reports that MEC "is a holding company with businesses in the mining, manufacturing, and telecommunications sectors, as well as companies that supply natural resources to the military, and operate factories producing goods for use by the military."Nunley, Christian"U.S. sanctions companies that back Myanmar military following coup,"March 25, 2021, updated March 26, 2021, CNBC, retrieved March 29, 2021"Treasury Sanctions Military Holding Companies in Burma," March 25, 2021, [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kyauktada Township
Kyauktada Township ( my, ကျောက်တံတား မြို့နယ် ) is the center of downtown Yangon, Myanmar. The township consists of nine wards, and shares borders with Botataung Township in the east, Seikkan Township and Yangon River in the south, Pabedan Township in the west and Mingala Taungnyunt Township in the north. The township is home to many historic buildings, including the Sule Pagoda, the City Hall, the High Court Building, the Strand Hotel as well as embassies of the UK and India. Three of the tallest buildings in Yangon, the Traders Hotel (now Sule Shangri-La), the Sakura Tower, and the Center Point Tower are located in Kyauktada. Many government offices are headquartered here. Maha Bandula Park The Maha Bandula Park or Maha Bandula Garden ( my, မဟာဗန္ဓုလ ပန်းခြံ, , also spelt Mahabandula or Mahabandoola) is a public park, located in downtown Yangon, Burma. The park is bounded by Maha Bandula Garden Stree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yangon
Yangon ( my, ရန်ကုန်; ; ), formerly spelled as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar (also known as Burma). Yangon served as the capital of Myanmar until 2006, when the military government relocated the administrative functions to the purpose-built capital city of Naypyidaw in north central Myanmar. With over 7 million people, Yangon is Myanmar's most populous city and its most important commercial centre. Yangon boasts the largest number of colonial-era buildings in Southeast Asia, and has a unique colonial-era urban core that is remarkably intact. The colonial-era commercial core is centered around the Sule Pagoda, which is reputed to be over 2,000 years old. The city is also home to the gilded Shwedagon Pagoda – Myanmar's most sacred and famous Buddhist pagoda. Yangon suffers from deeply inadequate infrastructure, especially compared to other major cities in Southeast Asia, such as Jakarta, Bangkok or Hanoi. Though ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myanmar
Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John C. Wells, John Wells explains, the English spellings of both Myanmar and Burma assume a non-rhotic variety of English, in which the letter r before a consonant or finally serves merely to indicate a long vowel: [ˈmjænmɑː, ˈbɜːmə]. So the pronunciation of the last syllable of Myanmar as [mɑːr] or of Burma as [bɜːrmə] by some speakers in the UK and most speakers in North America is in fact a spelling pronunciation based on a misunderstanding of non-rhotic spelling conventions. The final ''r'' in ''Myanmar'' was not intended for pronunciation and is there to ensure that the final a is pronounced with the broad a, broad ''ah'' () in "father". If the Burmese name my, မြန်မာ, label=none were spelled "Myanma" in English, this would b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Myanmar Kyat
The kyat (, or ; my, ကျပ် ; ISO 4217 code MMK) is the currency of Myanmar (Burma). The typical notation for the kyat is "K" (singular) and "Ks." (plural), placed before the numerals followed by " /-" The term ''kyat'' derives from the ancient Burmese unit ''kyattha'' ( my, ကျပ်သား), equal to 16.3 (16.329324593) grams of silver. Current MMK exchange rates From 2001 to 2012, the official exchange rate varied between Ks. 5/75 and Ks. 6/70 per US dollar (Ks. 8/20 to Ks. 7/- per euro). However, the street rate (black market rate), which more accurately took into account the standing of the national economy, has varied from Ks.750/- to Ks.1,335/- per USD (Ks.985/- to Ks.1,475/- per EUR). The black market exchange rates (USD to MMK) decrease during the peak of the tourist season in Burma (December to January). On 2 April 2012, the Central Bank of Myanmar announced that the value of the kyat against the US dollar would float, setting an in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burma
Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explains, the English spellings of both Myanmar and Burma assume a non-rhotic variety of English, in which the letter r before a consonant or finally serves merely to indicate a long vowel: mjænmɑː, ˈbɜːmə So the pronunciation of the last syllable of Myanmar as ɑːror of Burma as ɜːrməby some speakers in the UK and most speakers in North America is in fact a spelling pronunciation based on a misunderstanding of non-rhotic spelling conventions. The final ''r'' in ''Myanmar'' was not intended for pronunciation and is there to ensure that the final a is pronounced with the broad ''ah'' () in "father". If the Burmese name my, မြန်မာ, label=none were spelled "Myanma" in English, this would be pronounced at the end by all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tatmadaw
Tatmadaw (, , ) is the official name of the armed forces of Myanmar (formerly Burma). It is administered by the Ministry of Defence and composed of the Myanmar Army, the Myanmar Navy and the Myanmar Air Force. Auxiliary services include the Myanmar Police Force, the Border Guard Forces, the Myanmar Coast Guard, and the People's Militia Units. Since independence, the Tatmadaw has faced significant ethnic insurgencies, especially in Kachin, Kayin, Kayah, and Shan states. General Ne Win took control of the country in a 1962 coup d'état, attempting to build an autarkic society called the Burmese Way to Socialism. Following the violent repression of nationwide protests in 1988, the military agreed to free elections in 1990, but ignored the resulting victory of the National League for Democracy and imprisoned its leader Aung San Suu Kyi. The 1990s also saw the escalation of the conflict between Buddhists and Rohingya Muslims in Rakhine State due to RSO attacks on Tatmada ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Defence (Myanmar)
The Ministry of Defence ( my, ကာကွယ်ရေးဝန်ကြီးဌာန; abbreviated MoD) is a government ministry in Myanmar (Burma), responsible for the country's national security and the armed forces (the Tatmadaw). The ministry has the largest share of the national budget among all government ministries, with a budget of $2.289 billion United States dollar, USD in 2013. As part of the ''Burma Sanctions Program'', the United States government prohibits its citizens from doing business with the Ministry of Defence of Myanmar or its affiliates. Departments *Union Minister Office *Department of International and Internal Affairs *Account Office *Directorate of Procurement The Ministry of Defence also generates significant revenue from business interests, by owning and operating a large business conglomerate, the Myanmar Economic Corporation (MEC). MEC is owned by the Tatmadaw's Quartermaster General’s Office, and is a direct source of revenue for the Burmese ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Myanmar
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1997
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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