IBK to begin operation in Myanmar this month

The Industrial Bank of Korea said Sunday it will officially launch and operate a local in subsidiary Yangon, the largest city of Myanmar as early as this month, which marks its third overseas unit, following its operation in China and Indonesia. Branded as IBK Bank Myanmar, its new overseas subsidiary was designed to handle various […]

How Myanmar’s Foreign Policy Is Likely to Evolve in the NLD’s Second Term

<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> Before the November election, Myanmar received three high-level visits from China, Japan and India. In October, a US trade delegation also visited, meeting State Counselor Daw Aung San Suu Kyi and senior ministers. The US delegation said it hoped to boost post-coronavirus investment in the country and […]

Ascent Capital closes Myanmar fund after elections

Singapore fund manager Ascent Capital Partners announced the final close of its debut Myanmar-focused fund, the Ascent Myanmar Growth Fund I LP (AMGF), on November 11. AMGF has attracted total capital commitments of US$88 million since its establishment in 2018, which it says makes it the world’s largest Myanmar-focused private equity fund. This comes after […]

NH NongHyup sets up Myanmar branch

NH NongHyup Bank said on Oct. 26 it has launched its branch office in Yangon, the largest city of Myanmar to expand its presence in the Southeast Asian country. The establishment of Yangon-based branch came after the lender had obtained final approval from the country’s central bank in late June. It is the second regional […]