The Bank of Tokyo-Mitsubishi UFJ could officially open its branch office as soon as next month, as the firm looks to provide financial services to foreign investors, according to the bank’s chief executive officer for Asia and Oceania, Go Watanabe.
The economic improvements to the country since the 2011 transition to civilian government are obvious, but reforms must be continued by subsequent governments, according to Coordinating Minister for Economic Development and Minister for the President’s Office U Soe Thane.
The growing budget deficit will require more domestic loans to the government over the next few years, increasing strain on local debt markets, according to experts.
UK-based BG Group and Australia’s Woodside Energy have committed to investing more than US$1 billion in four offshore blocks.
Arbitration was brought into the spotlight by the high-profile dispute at Myanmar Brewery last year, though the case – like many such local cases – was decided in Singapore.
Myanmar Center for Responsible Business will broaden its scope to begin systematically seeking public feedback about specific grievances regarding companies’ operations, as it launches the research phase for its 2015 transparency in Myanmar Enterprises report.