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US gives banking green light to Myanmar tycoons

By , on February 26th, 2013

<!– google_ad_section_start –> Two banks owned by tycoons associated with Myanmar’s former military regime will start to do business with US companies and investors in the latest reward for the Southeast Asian country’s rapid political transformation. The US Treasury Department said on Friday it would issue a general licence for four of Myanmar’s biggest banks – Myanma Economic Bank, Myanma Investment and Commercial Bank, Asia Green Development Bank and Ayeyarwady Bank – allowing US companies and citizens to deal with them. <!– google_ad_section_end –>

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US gives banking green light to Myanmar tycoons

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