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No Thai banks among 2nd round of Myanmar licensees

YANGON – No Thailand banks were among 13 institutions that answered a call from Myanmar’s central bank for expressions of interest in a second round of foreign bank licensing aimed at further liberalising a sector that was previously off-limits to international players. Eight of the banks listed in an official central bank statement on Feb […]

Taiwan Business Bank establishes office in Yangon

State-run Taiwan Business Bank (台灣企銀) yesterday opened a representative office in Yangon, Myanmar, in the hope of later upgrading it to a branch so that it can enter the emerging market. Located in Yangon’s Botahtaung Township, the office would seek to gather information about local industries and cultivate relationships with Burmese firms, the lender said […]