Golden Glory plans IPO to fund Myanmar projects

YANGON • Golden Glory Group, a developer of Myanmar real estate, is planning an initial public offering (IPO) in Singapore this year as the opening of the market spurs property demand in South-east Asia’s fastest-growing economy. The Singapore-based company is targeting an US$80 million to US$100 million (S$110 million to S$138 million) initial share sale, […]

Myanmar’s Kyat Gains Most in Asia as Democracy Takes Root

The ringgit’s run as Asia’s top currency didn’t last last long. It’s been overtaken by Myanmar’s kyat, long a laggard, as the region’s best performer this year. Myanmar is emerging from decades of isolation and military rule. Saktiandi Supaat, head of foreign-exchange research at Malayan Banking Bhd. in Singapore, says the kyat has benefited from […]

Myanmar admits more foreign banks ahead of NLD accession

BANGKOK — Myanmar has given preliminary operating licenses to four more foreign banks, following the government’s decision in late 2014 to grant licenses to an initial nine foreign banks. The move — just before a new administration led by Aung San Suu Kyi takes over on April 1 — highlights a rush by the incumbent […]