Burmese Banks Fret Over Foreign Competition

Burmese Banks Fret Over Foreign Competition

RANGOON — Private Burmese banks are calling on the country’s Central Bank to be more transparent in plans to grant limited operating licenses to foreign banks next month.

After decades of isolation under a military junta, Burma’s banking sector is opening to foreign competition in a bid to attract foreign investment into the economy.

Continues here:- http://www.irrawaddy.org/business/burmese-banks-fret-foreign-competition.html