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HONG KONG The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential Plc , AIA Group Ltd <1299.HK> and Manulife Financial Corp are among the global insurance giants preparing to enter Myanmar as the government rolls out a framework for the sector’s development with the lifting of European and U.S. sanctions. The opportunities are many. A large population, economic reforms and a natural resources industry could combine to create rising wealth among Myanmar’s people. There is also money to be made by general insurers […]

The World Bank on Thursday earmarked $ 245 million in credit and grant funding for Myanmar under an 18-month work plan, the first lending to the southeast Asian nation in 25 years and another sign the country is opening up after years of military rule. The interim country strategy, endorsed by the World Bank board at a meeting in Washington, will guide the institution’s work in Myanmar, also known as Burma. The bank also approved an $ 80 million grant for community-driven rural projects. Pamela Cox, World Bank vice president for East Asia and the Pacific, said another $ 165 […]

U.S. to ease Myanmar import ban

Myanmar President Thein Sein is to address the U.N. General Assembly Thursday.Announcement is important step in growing rapprochement between U.S., MyanmarU.S., Myanmar have held talks about establishing military ties and increasing investmentProcess of lifting sanctions to be gradualMyanmar president to address U.N. General Assembly on ThursdayWashington (Financial Times) — The United States will start lifting a ban on imports of goods from Myanmar, U.S. Secretary of State Hillary Clinton said on Wednesday, providing a huge potential boost to the once-isolated southeast Asian nation.Clinton said that the gradual lifting of the ban, which has been in place for most of the […]

Visa coming to Myanmar

This pcture taken on June 1, 2012 shows a tourist visiting the Shwedagon Pagoda in Yangon. Credit card giant Visa has announced it is entering the Myanmar market Comes in the wake of the growing number of tourists coming to the Southeast Asian nationWestern nations have relaxed restrictions on Myanmar since the nation began political reforms In a sign of the world’s growing rapprochement with Mynamar, credit card giant Visa has announced it is entering the market of the once isolated Southeast Asian nation.”The first priority for Myanmar will be preparing for the influx of international visitors resulting from the […]

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Fans box a 52 pick up with the expectation of all being seen democracy key player Aung San Suu Kyi upon her trip to your spouse constituency in your parliamentary selections 04 uno, summer 2012 near Myanmar. Democracy key player Aung San Suu Kyi was regarded as decided throughout Myanmar’s legislative house Your sweetheart chance to do electoral national politics ıs often a signing your name of all change next to the marine corps direction, creators state that Circumstance. Stunning. attributes a patented web site of all peine passed a lot countless years contrary to marine corps andamento Consultants: It’s […]

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