Allowing greater foreign participation in import/export

Updated: May 16

The Myanmar Government has followed up this week’s blockbuster Companies Law reform by announcing details of incremental liberalising measures to allow greater foreign participation in import/export - trading business and trade finance. Foreign bank participation in retail financial services and more foreign banking licences are also on the way. We’re hoping to see growth in non-bank financing too.

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Dropping exchange rate controls

Restrictions requiring banks and money changers to use the Central Bank of Myanmar's reference rate for currency exchange are dropped.