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KUALA LUMPUR: Felda Global Ventures Bhd is looking to buy land in Myanmar, Cambodia and Indonesia.
YANGON: Myanmar will allow some foreign banks to begin offering limited financial services next year, according to a senior central bank official, as the South-East Asian country slowly opens up its banking sector following a series of economic and political reforms.
WASHINGTON: The World Bank on Thursday earmarked US$245 million in credit and grant funding for Myanmar under an 18-month work plan, the first lending to the southeast Asian nation in 25 years and another sign the country is opening up after years of military rule.
WASHINGTON (Reuters) - The World Bank said on Thursday it was in the process of returning to Myanmar after 25 years, but the isolated Southeast Asian nation will first have to clear its arrears to global financial institutions before the bank resumes lending.
YANGON: With Myanmar now widely regarded as a hot investment destination after the government announced economic and political reforms, thus attracting more and more visits from the West and Asia’s leading economies, Asean businessmen have gently reminded Myanmar to leave the door open for collaboration with businesses from other countries in the grouping.