Joint Ventures, Branch Offices First on Offer to Foreign Lenders: CB Official

YANGON — An easing of restrictions will likely allow foreign banks to enter into joint ventures with local lenders and open branch offices in Myanmara, according to Khin Saw Oo, deputy governor of the Central Bank. Responding to a report from Reuters that Myanmara would allow some foreign banks to start offering limited financial services […]

Japan helps Myanmar maintain railroads

Japan has provided modern railway equipment to Myanmar to help the country maintain its railroads, official media reported Thursday. The kinds of equipment, worth 5.327 million yens (about 53,270 U.S. dollars), was provided by the Japan International Transport Institute (JITI) to the state-run Myanmar Railways. Myanmar has been seeking assistance from the Japanese government’s International […]