Myanmar grants operating licenses to four more Asian banks

YANGON – Myanmar has granted operating licenses to four Asian banks, bringing to 13 the number of foreign banks allowed to conduct business in the previously isolated country. Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank were granted preliminary licenses, Myanmar’s Foreign Bank […]

Myanmar likely to sell bonds

JAKARTA/KUALA LUMPUR — Myanmar’s licensing of foreign banks brings it a step closer to an initial sovereign bond sale to help fund $80 billion of power, transport and technology projects through 2030, according to the Asian Development Bank. The Manila-based lender estimates that Myanmar, which is emerging from five decades of economic isolation, will need […]

Licensing, a milestone in banking industry

Greater convenience is one thing foreign companies doing business in Myanmar can expect as nine foreign banks gradually start their operations within the first half of next year. The licensing is also another milestone of the country’s economic reforms, which have so far been successful in drawing foreign investment and the momentum should continue with […]

Telecom Ministry seek Feedback on Proposed Rules for the Telecommunications Sector. Dateline: 2nd Dec 2013

REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF COMMUNICATION AND INFORMATION TECHNOLOGY UNION MINISTRY’S OFFICE MEDIA RELEASE Public Consultation Issued by the Ministry of Communication and Information Technology of the Republic of the Union of Myanmar Proposed Rules for the Telecommunication Sector Relating to Licensing, Access and Interconnection, Spectrum, Numbering and Competition Release Date: 4 […]