Yangon: Myanmar has granted operating licences to four Asian banks, bringing the number of foreign banks allowed to conduct business in the previously isolated country to 13. Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank were granted preliminary licenses, Myanmar’s Foreign Bank Licensing […]
Mogok residents hope to reclaim ruby trade
December 1, 2015 by Thiha
Mogok residents want one thing from the incoming government: the right to take back their rubies. Gem traders living and working in the Mandalay Region township, famed for the quality of its rubies, say most local mines are run by outsiders. Now they want the incoming National League for Democracy government to grant more operating […]
Filed Under: Latest News Tagged With: Department of Forestry, Gem traders, gemstones, government, joint ventures, Ministry of Mining, mogok, operating licences, rubies
