SUBSCRIBERS
For foreign lenders, Myanmar is no zero-sum game
The international banks must partner one another to set up club loans that enable them to share the risk of borrowers' default
Published Sun, May 24, 2015 · 09:50 PM
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 cooperation, not direct competition, will serve the greater good for now.
Copyright SPH Media. All rights reserved.
