No Thai banks among 2nd round of Myanmar licensees

YANGON – No Thailand banks were among 13 institutions that answered a call from Myanmar’s central bank for expressions of interest in a second round of foreign bank licensing aimed at further liberalising a sector that was previously off-limits to international players. Eight of the banks listed in an official central bank statement on Feb […]

India Says China Using Myanmar and Pakistan to Expand Foothold

(Bloomberg) — China is using its influence in Myanmar and Pakistan to strengthen access to the Indian Ocean, India’s Defense Ministry said in its annual report, vowing to take steps to ensure security in a region it has long dominated. “India remains conscious and watchful of the implication of China’s increasing military profile in India’s […]