Telenor became the third mobile operator in Myanmar after launching services in Mandalay on September 27, as the company positions itself to serve the mass market in an increasingly competitive telecoms landscape.
An updated K5000 note will enter circulation on October 1 in a bid to fight counterfeiting, but authorities say they are being careful to make sure the move will not upset the money supply and lead to inflation.
The financial landscape in Myanmar is set to be significantly altered when licences arrive for foreign banks, with local bankers calling for greater clarity on the rules governing the sector
One of the most important clauses in a contract with parties from different countries is the choice of law clause, which can have a defining impact on dispute resolution – and is something investors need to be aware of.
The process to licence foreign banks in Myanmar is on track, according to U Set Aung, deputy governor of the Central Bank of Myanmar.