Foreign banks will receive permission to operate soon, says vice chair of Myanmar’s Central Bank

U Sett Aung, the vice chairman of the Central Bank of Myanmar told a press conference held in Yangon on September 14 that foreign banks would be given permission to operate Myanmar at some point in late September or early October. Speaking at a press conference for the Myanmar Investment Meeting, held by Peninsula Press, […]

Angry Thilawah SEZ residents to take legal actions

Angry Thilawah Special Economic Zone (SEZ) residents and land-owners are preparing to take legal actions against the divisional government over compensation. “The Yangon divisional government informed us to wait for a week on August 23. They assured us that they would negotiate the best offer. We would contest a legal suit if they do not […]