Home Page Contact Site Map
 
Welcome To Golden Land, Myanmar
Check Out the Best Places To visit During Your Stay!
from: to
Note:: Some of the places in Myanmar are not available to visitor all year round.  
More on Business News  
 
Central bank to scrutinize foreign large bank share acquisitions
Jul 11, 2018 Source : Daily Eleven
Views : 311
 

The Central Bank of Myanmar will scrutinize the acquisition of a 35-per-cent stake by foreign banks in local banks, said Aung Naing Oo, Director-General of Directorate of Investment and Company Administration.
        “No need to issue the notification as it is a law. According to the Myanmar Companies Act, foreign investors are allowed to acquire stakes of up to 35 per cent in local firms.
        It will be under scrutiny as the CBM is responsible for steering and scrutinizing all banks,” he added.
        The CBM will decide on how to allow foreign investors to take stakes of up to 35 per cent.
        Aung Naing Oo pointed out the fact that the frequent fluctuation in currency exchange rates may diminish the trust of foreign investors.
        In an attempt to control inflation rate, the CBM are working to keep the monetary sector stable through the monetary policy, the fixing of daily reference rates for currency exchange and the management of foreign exchange reserve etc.

Mobile Version
Latest News
Attractions
Art & Culture
Music & Dance
Festivals
Holidays
Transportation
Money
How To Speak
People
Traditional Food
Things To Know
Photo Gallery
Video Clips
Activites
Accommodation
Embassy Info

Copyright © Shwe Myanmar Travel Infomation   2018 All right Reserved.