Myanmar may allow foreign insurers to do business in Yangon

The Myanmar Government is, reportedly, planning to allow foreign insurance firms to operate in the country, initially in a special economic zone southeast of Yangon. Nikkei Asian Review reported that a high-ranking official has notified insurance companies of the government’s decision. As part of the plans, foreign companies that are already existing in the country […]

Foreign insurance firms to be allowed into SEZs

Foreign insurers will be allowed into Special Economic Zones in January, though the exact rules governing their operations are still being discussed, said deputy finance minister U Maung Maung Thein. Companies will be selected based on their adherence to international standards, as well as their responsibility in social affairs, and will be required to have […]