Private banks hike lending to SMEs

SMALL and medium enterprises in Myanmar will soon get greater access to finance as private banks plan to extend more credit to boost the economy, according to speakers at the Amcham Financial Services Forum held last week. Zaw Lin Aung, managing director of KBZ Bank, the largest private bank in Myanmar with the largest retail […]

New FDI rule on the way coming weeks

New rules for the Foreign Investment Law will be issued in the coming weeks, the Ministry of National Planning and Economic Development says. Directorate of Investment and Company Administration director general U Aung Naing Oo said the ministry had finished the revision, which is likely to result in more restrictions on foreign investment, particularly in […]