BTMU’s First Three Months Dealing Dollars in a Land of Kyat

Three months ago, Bank of Tokyo Mitsubishi UFJ (BTMU) won a race by hours to become the first foreign bank to have a branch in Yangon on April 22 this year. In the three months since, the financial behemoth has struggled with the kyat, but has overall found workarounds to the country’s schizophrenic economy. Like […]

Thilawa SEZ Shares to Go on Sale to Raise $21 Million

Shares of Myanmar’s Thilawa Special Economic Zone (SEZ) will go on sale in March in a bid to raise $21.8 million to fund the first phase of construction of the SEZ near the country’s commercial hub Yangon. The plan was announced last week at a news conference by U Set Aung, chairman of Thilawa SEZ […]