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First foreign bank in decades opens in Myanmar

Central Bank governor describes opening of Japan's Bank of Tokyo-Mitsubishi UFJ in Yangon as a "new milestone"

Published Wed, Apr 22, 2015 · 09:50 PM

Yangon

THE first foreign bank to operate in Myanmar for decades officially opened the doors of its Yangon branch on Wednesday, the latest government bid to attract foreign investment in the emergent nation.

Myanmar's quasi-civilian administration, which replaced a military regime in 2011, is trying to modernise the country's creaking banking system to increase capital flows to lo…

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International

International

First foreign bank in decades opens in Myanmar

International

Sunak says UK to raise defence spending amid global threats

China’s central bank hints it may add treasury bond trades to policy toolkit

US business activity cools in April; inflation measures mixed

India’s inflation at risk from extreme weather, geopolitical issues: central bank

Thailand to replace military-appointed Senate, reduce its powers

Bankers lose hope of London IPO revival for another year

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