[Myanmar] Insurer Aia To Open Burma Office

[News_Editor]

AIA Group Ltd, Asia’s third-biggest insurer, said on Wednesday that it was planning to open a representative office in Burma, as part of a strategy of targeting demand in fast-growing Southeast Asian economies. AIA’s chief executive, Mark Tucker, told reporters on a conference call that the company had received “provisional approval†to open the representative office, which he described as a “listening and observing postâ€. “It clearly once was a very attractive market and will be again,” Tucker said. A representative office allows a company to establish a presence in a country but does not permit a company to conduct business.—Reuters

Source: Irrawaddy.org