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UOB helping clients invest in Myanmar

Country seen to attract US$163b in foreign direct investment over the next 15 years from companies keen to participate in its economic transformation and liberalisation
Wednesday, July 1, 2015 - 05:50
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UOB - one of nine foreign banks awarded a banking licence in Myanmar last year - will officially open its Yangon branch on Thursday. Although the branch began business in May, the bank has been engaging clients interested in Myanmar for the last couple of years.
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Mr Wong said that the bank's differentiator is its ability to help clients understand regulations as they evolved in Myanmar.

Singapore

UNITED Overseas Bank Group (UOB) is ramping up its activities in Myanmar as companies invest in the country's economic transformation.

UOB said that its clients will invest US$300 million in Myanmar, over the next 12 months, in projects that will meet the country's

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