Myanmar, foreign bankers see need for closer cooperation

IF Myanmar hopes to maintain its growth momentum, there needs to be more collaboration among the central bank, local banks and foreign entrants, financial experts said during a panel discussion last week. Sein Maung, chairman of First Private Bank and vice president of the Myanmar Banks Association (MBA), said foreign banks should provide more training […]

Most foreign investment goes into natural resources sector, says MIC chairperson

Zay Yar Aung, chairperson of the Myanmar Investment Commission (MIC) told a parliament session yesterday that foreign companies have invested at least US$39 billion in 522 businesses to date, most of which has gone into the natural resource sector. He said according to MIC data, between the introduction of the Foreign Investment Law on November […]