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 […]

Banking conference touch upon the 2 contrasting face of Myanmar

Investors, bankers, entrepreneurs, consultants, delegates and businessmen—all flock to conquer a stake in the world’s final financial frontier. Buzzing with excitement, 250 guests from 10 countries gathered on July 16 at the inaugural Myanmar Banking and Finance conference at the Trader’s Hotel in Yangon, here to learn of Myanmar’s banking and financial reforms, foreign exchange […]