Myanmar admits more foreign banks ahead of NLD accession

BANGKOK — Myanmar has given preliminary operating licenses to four more foreign banks, following the government’s decision in late 2014 to grant licenses to an initial nine foreign banks. The move — just before a new administration led by Aung San Suu Kyi takes over on April 1 — highlights a rush by the incumbent […]

12 Companies Bid to Develop Infrastructure in Kyaukphyu SEZ

YANGOON — Eleven foreign companies and one local company have expressed interest in developing infrastructure for the Kyaukphyu Special Economic Zone (SEZ) in Arakan State. Three of the companies will be awarded tenders, according to the tender selection board. “Currently, 12 companies have expressed interest. Some companies have merged with four or five other companies […]

Japanese entrepreneurs to visit Myanmar for potential investment

Business people from over twenty Japanese firms will visit Myanmar to explore investment opportunities, according to Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). About 50 business people from 20 industrial sectors, such as machinery, electric and power, construction and garment, will be led by the Executive Vice President of Japan External […]