Myanmar Names Foreign Businesses Exempt From Exchange Regulations

The Central Bank of Myanmar (CBM) has named those exempt from its controversial regulation that foreign exchange earned by citizens must be converted into kyats at the official rate within one working day. It said foreign direct investments approved by the Myanmar Investment Commission, investments operating in special economic zones, foreign diplomats in Myanmar, their […]

Shwe Thanlwin awarded banking licence

Shwe Thanlwin, one of the “privileged” companies with a diverse range of businesses in Myanmar, received a banking licence recently. The Central Bank of Myanmar issued the licence under the name “Shwe Rural and Urban Development Bank Ltd”. The new bank’s head office will be located at No. 420, Botahtaung Township in Yangon Region, according […]