Foreign Bank Operations by 2014 “Unlikely”

Foreign banks will be allowed to operate financial services in Myanmar, but this issue is still under discussion and no exact time has been set, a top official from the Central Bank of Myanmar said. “We are still holding dialogues about the issue [of foreign banks operating in Myanmar]. The reports that foreign banks will […]

MIC grants permit for island hotel in Mergui national marine park

The Myanmar Investment Commission (MIC) has allowed a joint venture company to start a hotel business on an island that is part of a national marine park in the pristine Mergui archipelago. Kyaw Phyo Win Mauk Company and Mokan International Co. Ltd have been granted a 50 year lease on the white-sanded Phila Island, which […]