For foreign lenders, Myanmar is no zero-sum game

SINGAPORE – A Foreign bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years. But international lenders noted that co-operation, not direct competition, will serve the greater good for now. “Competition among […]

Myanmar to draft two new investment laws

Japan remains committed to Myanmar Japanese companies invested US$22.8 billion in Singapore, Thailand, Indonesia, Malaysia, the Philippines and Vietnam in 2013, according to the Japan External Trade Organisation (JETRO). The trend is strong, following the first wave of Japanese investment in the 1980s and 1990s, which helped build up automotive and electronics sectors in Thailand, […]

Corporate rules need improving

Strong corporate governance is essential for companies to succeed on the Yangon Stock Exchange when it launches – and local companies have a lot to do to be up for the challenge. The market is slated to launch in the third quarter 2015, and whether it survives depends on corporate governance, or the processes businesses […]

Foreign banks in Myanmar will bide time to reap returns

YANGON/SINGAPORE – Myanmar has thrown open the door to foreign banks, but weak credit protection and tight restrictions on lending mean it’s not a warm welcome, at least not yet. Nine banks have been given the first licences to operate in the Southeast Asian nation, but the government is still to lay out a roadmap […]