Consolidation expected in banking industry as competition heats up

The Central Bank of Myanmar (CBM) believes that allowing foreign banks into the retail-banking sector will drive consolidation in the local banking industry and make available a larger pool of funds for growth. “Inevitably, foreign banks will win market share from local banks and we see more mergers of local banks in response to a […]

Can India Catch Up With China in Myanmar?

China has a powerful economic presence, but India has some historical and institutional strengths. A recent visit to the city of Yangon underscored the increasing economic presence of China in Myanmar. The massive investment, pipelines, and rail strategy are well known, but a drive through the city is enough to make clear the extent to […]