Singaporean and Norwegian firms latest to invest in Myanmar banking
Singaporean sovereign wealth firm GIC Pte and Norwegian firm Norfund AS will invest in Yoma Bank, becoming the latest to take advantage of new finance rules that allow foreign firms to buy stakes in Myanmar financial institutions. GIC will buy 20 per
Thailand expands Myanmar finance ties in major bank investment
A major Thai bank may soon be a 35 percent stakeholder in Myanmar’s Ayeyarwaddy Farmers Development Bank in the deepening financial relationship between the two countries. The Kasikorn Bank, or KBank, Thailand’s fourth largest financial i
Myanmar foreign debt now totals US$10.2 billion
Myanmar ended the 2017-2018 fiscal year with US$10.2 billion in foreign debt, the Joint Public Accounts Committee reported to the Union Parliament. That is an 11.5% rise from the previous fiscal year. According to the committee, China is Myanmar̵
