Japan’s SMBC heading to Myanmar special zone

YANGON — Sumitomo Mitsui Banking Corp. will open a branch in Myanmar’s Thilawa Special Economic Zone as early as July. The Sumitomo Mitsui Financial Group unit recently obtained approval from the government. Mizuho Financial Group unit Mizuho Bank already operates a branch in the zone, and Mitsubishi UFJ Financial Group unit Bank of Tokyo-Mitsubishi UFJ has set up a dedicated counter […]

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 […]

Japan firm to hold global markets seminar in Yangon

Japan’s Mizuho Financial Group is to hold a Global Finance Market and Treasury Business Seminar at the Yangon Institute of Economics on March 8 and 10, the group’s chief representative Tetsuro Nonaka has announced. “We want to share our experience. Although the global market has not yet come to Myanmar, it can develop in the […]