For foreign lenders, Myanmar is no zero-sum game

SINGAPORE – A Foreign bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years. But international lenders noted that co-operation, not direct competition, will serve the greater good for now. “Competition among […]

More Asian companies keen to expand into Myanmar: UOB

SINGAPORE: One in four Asian enterprises plans to expand into Myanmar this year, following the country’s steps to liberalise its banking sector. This according to United Overseas Bank’s (UOB) latest Asian Enterprise Survey, which polled 1,024 enterprises from China, Hong Kong, Indonesia, Malaysia, Singapore and Thailand. The companies were surveyed on their views on the […]

Foreign banks optimistic about economic integration

Executives of two foreign banks expressed optimism that Myanmar would attract more investment as long as it maintains the speed at which it is integrating with other countries in the region. Go Watanabe, managing executive officer and CEO for Asia and Oceania of Bank of Tokyo-Mitsubishi UFJ, said the Asean Economic Community (AEC) can deepen […]