The Central Bank of Myanmar said its decision last week to let foreign banks operating in the country lend and provide other services to domestic companies will help exporters limited by local lenders finance their trade with the rest of the world. “We expect that they [foreign banks] will mainly provide foreign currency to the […]
National Instrument: Kick-Starts Myanmar Operations with Academia
December 22, 2017 by
Matej Krajnc, NI’s managing director for Asean and ANZ, at an exclusive interview in Yangon with Myanmar Eleven. NATIONAL INSTRUMENTS (NI), a global provider of platform-based engineering systems, is intensifying its activities in Myanmar with the creation of new platforms for teaching and research for the academic segment. MatejKrajnc, NI’s managing director for Asean, Australia […]
ANZ’s Yangon branch wins approval
October 1, 2015 by
ANZ has received final regulatory approval from Myanmar’s central bank for the opening of a branch in Yangon . The decision clears the way for ANZ to open its office in Myanmar’s largest city on October 2. The new office will service multinational and joint venture companies with a presence in Myanmar, as well as […]
Bangkok Bank injects $200 million into its Yangon branch
June 4, 2015 by
Bangkok Bank demonstrated its optimism in Myanmar’s economic potential through the injection of US$200 million (Bt6.75 billion) into its Yangon branch, a bigger sum than what was brought in by the four foreign banks that have already opened branches here. “This will help us service our customers further, not only in terms of funding but […]
Myanmar will recoup lost decades in next five years: ANZ
February 17, 2015 by
Myanmar could experience five decades of economic catch-up over the next five years, as the country opens to foreign direct investment in its infrastructure and a significant regional manufacturing base is established, according to a new report by ANZ. The report titled ‘Myanmar – Asia’s Uncut Gem’ predicts annual GDP growth as high as 10 […]
Myanmar Approval for ANZ Shows Institutional Banking Hunt
October 3, 2014 by
Myanmar’s regulators, in granting bank licenses to nine foreign lenders yesterday, sought companies that could lure investment to a nation emerging from five decades of economic isolation. The 25 banks that applied for licenses were expected to engage in institutional banking to facilitate the entry of foreign investors, said Andrew Geczy, Australia & New Zealand […]
Myanmar tells Australia it’s open for business
March 24, 2014 by
Myanmar has extended the welcome mat and the world is beating a path its door. But not many companies from Australia are joining the rush. Glenn Robinson, the Chairman of the Australia-Myanmar Chamber of Commerce, is with the largest commercial delegation to yet visit Myanmar from Australia. He says even Australian mining companies which are […]
Myanmar Firms Feel Pinch From Abroad
August 3, 2013 by
YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]
