Indonesia SOEs Set to Expand Into Myanmar

Yangon. Indonesian state-owned mining companies Timah and Aneka Tambang and lender Bank Negara Indonesia are finalizing business expansion plans in Myanmar. Ito Sumardi, Indonesia’s ambassador to Myanmar, said on Saturday that BNI would set up a representative office in the country either this month or next, without taking on local partners. Tri Hartono, secretary of […]

Bank Negara Indonesia to open representative office in Myanmar

State lender Bank Negara Indonesia (BNI) is due to open its first-ever representative office in Myanmar in November to facilitate the expansion of fellow state-owned enterprises (SOEs) in the neighboring country. According to the deputy general manager of BNI’s international division, Rahmad Hidayat, the bank will submit a proposal to Myanmar’s central bank next week. […]