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Myanma Apex Bank
Myanma Apex Bank ( my, မြန်မာ့ရှေ့ဆောင်ဘဏ်; abbreviated MAB) is a private commercial bank in Myanmar. Myanma Apex Bank Ltd (MAB) was incorporated on 2 July 2010, established as a subsidiary of Eden Group of Companies., and opened its first branch office in Naypyitaw on 17 August 2010. Among the more than 20 banks in Myanmar, MAB is considered to be among the top 4 banks. As of early 2020, MAB had 102 branches nationwide. Financial services MAB offers a variety of financial services, such as consumer deposit offerings, ATM, POS acceptance network using Myanmar Payment Union (MPU), VISA and MasterCard cards, commercial financing for small and medium businesses with loans, overdraft and hire purchases options, cross-border trade, as well as providing businesses with foreign trade finance, gift cheques, payment orders, remittance and other ancillary services. MAB has launched a wealth banking and rewards program called MAB Wealth Banking in ord ... [...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] |
Ottarathiri Township
Ottarathiri Township ( my, ဥတ္တရသီရိမြို့နယ်) is one of Naypyidaw Union Territory's eight townships, located south of Mandalay Region in Burma. History Ottarathiri Township formerly part of Mandalay Division. The township was designated as one of the original townships constituting the new capital region of Naypyidaw on 26 March 2006 by the Ministry of Home Affairs (MOHA). 7 village tracts, consisting of 39 villages from Pyinmana Township, and 3 village tracts, consisting of 9 villages from Tatkon Township were separated to form Ottarathiri Township. ''Ottarathiri'' is derived from Pali , and literally means "splendor of the north." Demographics 2014 The 2014 Myanmar Census reported that Ottarathiri Township had a population of 81,620. The population density Population density (in agriculture: standing stock or plant density) is a measurement of population per unit land area. It is mostly applied to humans, but sometimes to other living org ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nay Pyi Taw
Naypyidaw, officially spelled Nay Pyi Taw (; ), is the capital and third-largest city of Myanmar. The city is located at the centre of the Naypyidaw Union Territory. It is unusual among Myanmar's cities, as it is an entirely planned city outside of any state or region. The city, then known only as Pyinmana District, officially replaced Yangon as the administrative capital of Myanmar on 6 November 2005; its official name was revealed to the public on Armed Forces Day, 27 March 2006. As the seat of the government of Myanmar, Naypyidaw is the site of the Union Parliament, the Supreme Court, the Presidential Palace, the official residences of the Cabinet of Myanmar and the headquarters of government ministries and military. Naypyidaw is notable for its unusual combination of large size and very low population density. The city hosted the 24th and 25th ASEAN Summit, the 3rd BIMSTEC Summit, the Ninth East Asia Summit, the 2013 Southeast Asian Games and the 2014 AFC U-19 Champion ... [...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] |
Chit Khine
Chit Khine (Burmese: ချစ်ခိုင်, born 1948 in Danubyu Township, Irrawaddy Division, Burma) is the chairman of the Eden Group of Companies, one of the Myanmar’s largest conglomerates, with extensive business presence in multiple industries including construction, hospitality, food and beverages, finance, oil and gas, and agricultural commodities. Early life Chit Khine was born on 5 January 1948 in Danubyu Township, Irrawaddy Division, Burma. He graduated from University of Yangon and worked for Ministry of Energy after he graduated. Career Chit Khine was a chair of Insein Township's National League for Democracy branch between 1989 and 1990. Chit Khine established his first business of Eden Group in 1990, Eden Construction. The group diversified to the hotels and mining sector in 2000, agricultural sector in 2009, banking services and oil and petroleum sectors in 2010. He is alleged to have a close relationship with the former military government, the S ... [...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] |
Naypyidaw
Naypyidaw, officially spelled Nay Pyi Taw (; ), is the capital and third-largest city of Myanmar. The city is located at the centre of the Naypyidaw Union Territory. It is unusual among Myanmar's cities, as it is an entirely planned city outside of any state or region. The city, then known only as Pyinmana District, officially replaced Yangon as the administrative capital of Myanmar on 6 November 2005; its official name was revealed to the public on Armed Forces Day, 27 March 2006. As the seat of the government of Myanmar, Naypyidaw is the site of the Union Parliament, the Supreme Court, the Presidential Palace, the official residences of the Cabinet of Myanmar and the headquarters of government ministries and military. Naypyidaw is notable for its unusual combination of large size and very low population density. The city hosted the 24th and 25th ASEAN Summit, the 3rd BIMSTEC Summit, the Ninth East Asia Summit, the 2013 Southeast Asian Games and the 2014 AFC U-19 Championsh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Visa Inc
Visa Inc. (; stylized as ''VISA'') is an American multinational financial services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa is one of the world's most valuable companies. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. Available through ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UnionPay
UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China (PBOC, central bank of China). It is also an electronic funds transfer at point of sale (EFTPOS) network, and the only interbank network in China that links all the automatic teller machine (ATMs) of all banks throughout the country. UnionPay cards can be used in 180 countries and regions around the world. In 2015 the UnionPay overtook Visa and Mastercard in total value of payments made by customers and became the largest card payment processing organization (debit and credit cards combined) in the world surpassing the two. However, only 0.5% of this payment volume was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Union
The Western Union Company is an American multinational financial services company, headquartered in Denver, Colorado. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph companies. The company dominated the American telegraphy industry from the 1860s to the 1980s, pioneering technology such as telex and developing a range of telegraph-related services (including wire money transfer) in addition to its core business of transmitting and delivering telegram messages. After experiencing financial difficulties, Western Union began to move its business away from communications in the 1980s and increasingly focused on its money transfer services. The company ceased its communications operations completely in 2006, at which time The New York Times described it as "the world's largest money-transfer business" and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
