State Counsellor’s statement at Second Myanmar Investment Conference, Meiji Kinenkan Hall. Tokyo (October 22, 2019)
“We have been both aggressive and strategic in liberalizing various key economic sectors. Our insurance sector, for example, has recently been liberalized, allowing for 100 per cent foreign owned life insurance companies to operate in Myanmar. Japan’s Dai-ichi Life is one of the first of those. We have done away with unnecessary regulations, launched a new online business registration portal, formed a new investment and development finance-focused Ministry and issued a new Investment Promotion Plan.”
“In our banking sector, in addition to the 13 existing 100 per cent foreign bank branches currently operating in Myanmar, we are looking to allow more foreign banks to operate, either as branches or subsidiaries”