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Foreign banks opening branches in Myanmar for first time in decades

OCBC and 2 Japanese banks clear final hurdle; 6 others to apply for final licences soon


TWO Japanese and one Singaporean bank will become the first foreign banks to operate in Myanmar for decades when they open branches on April 23, as the country emerges from a long phase of economic isolation, state media reported on Thursday. "The Bank of Tokyo Mitsubishi UFJ (BTMU...

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