Search Results for: retail lending

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Japan helps to accelerate economic activity in ASEAN

Myanmar/ Malaysia, Nov 25 (ANI): Myanmar has become a new investment destination. The rapid economic growth and rise in per capita income in the country has generated a demand for payments through credit cards. In order to construct a cashless electronic retail payment environment, Myanmar Payment Union (MPU) was established by the Central Bank of Myanmar with 17 local banks to promote the acceptance and issuance of payment cards in the country. MPU started the first ATM card payment system interconnecting through the local banks, with issuing the MPU Debit card in 2012. JCB, a major global payment brand based in Japan, has partnered with MPU and promotes the development of payment infrastructure at a rapid pace. However, the challenges still remain in social infrastructures such as stable electricity and tele-communication. Nov 25, 2014
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Modi wave invigorates stock market in Gujarat

Rajkot, Nov 25 (ANI): Riding on the Modi wave, the share market in Gujarat is on a newfound high as Gujaratis trade in new Initial Public Offering (IPOs) and invest more and more in stock markets. Modi's victory unleashed a rush of money from foreign portfolios betting the reformist prime minister would drive a quick recovery. The retail investors in Gujarat have gained confidence once again and are back in business. CEO of SKSE Securities Limited, Ashok Koyani, said that in the coming years Modi's government will provide the much needed impetus for the stock market. The economy is showing some signs of revival and inflation has plummeted, aided largely by a drop in global oil prices. Nov 25, 2014
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