Working committee formed to establish Assets Management Company

To strengthen the banking system of the Central Bank of Myanmar (CBM) and adapt to international standards, a working committee to establish an Assets Management Company was formed under Notification 122/2022.
The working committee was formed to set up an Assets Management Company which would adapt to the country’s situation in line with international standards. It will carry out a feasibility study and work procedures depending on the current situation.
Furthermore, laws, rules and regulations to establish that company must be reviewed and submitted according to the existing laws. If there is an amendment needed to be made, it has to be reported. Regarding the rights and duties of the Assets Management Company, observing and reporting must be undertaken.
Reports on the activities of the working committee have to be submitted to the CBM and the Ministry of Planning and Finance every three months. The working committee’s expenses will be used from the CBM’s fund.
The deputy governor of the CBM serves as chair of the committee and the deputy minister of the Ministry of Planning and Finance acts as a co-chair. The committee includes a secretary, a joint secretary and 14 members. – TWA/GNLM

Share this post
Hot News
Hot News
False claims: Security forces destroyed houses and motorbikes in Madaya
As today is a knowledge age, students who actually pursue education will have deserved opportunities
Illegal goods seized in various states/regions
MNHRC inspects Twantay Myoma Police Lock-up, Mibagon Home for the Aged
Specialists offer medical treatments to residents in Hpa-an on field trip
Myanmar Charge d’Affaires calls on new Speaker of Vietnam’s National Assembly
Growing interest among women in traditionally male seafaring professions
Authorities receive 38 Myanmar nationals repatriated from India
Signing Ceremony of the Agreement on Transfer of Funds for MLC Special Fund (2024) Projects held in Nay Pyi Taw to commemorate 74th Anniversary of Establishment of Diplomatic Relations between Myanmar and China
Children’s umbrellas sell well