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 (BNI) to open branch in Myanmar

Indonesian State-owned bank Bank Negara Indonesis (BNT) planned to open a branch in Myanmar, Indonesian Economic Cooperation Minister Hatta Rajasa said. The BNT is conducting surveys and arrangements to launch the branch office in Myanmar, he said. Myanmar’s officials offered the BNT bank to invest in cement production and coal power generating sectors, he added. […]