July 05, 2017

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BTMU, DICA to promote Japanese investment in Myanmar together

Director-General U Aung Naing Oo shakes hands with Mr Yasushi Itagaki, BTMU General Manager of Global Planning at signing MoU.
Director-General U Aung Naing Oo shakes hands with Mr Yasushi Itagaki, BTMU General Manager of Global Planning at signing MoU.

The Bank of Tokyo-Mitsubishi UFJ Ltd signed a memorandum of understanding Tuesday with Myanmar’s Directorate of Investment and Company Administration to collaboratively promote Japanese investment in Myanmar.
Mr Yasushi Itagaki, BTMU General Manager of Global Planning and U Aung Naing Oo, Director General of the DICA, signed the agreement in Tokyo.
Under the agreement, BTMU will collaborate with DICA to promote foreign direct investment and provide stronger support to its customers exploring the possibility of investing in, or expanding into, Myanmar, according to a BTMU press release.
BTMU held its first Business Matching event for Japanese, Thai and Myanmar companies on 22 July in Yangon, attracting more than 20 Japanese firms seeking to invest in Myanmar.
Thirteen Myanmar companies and three from Thailand also attended the event, which saw some 100 meetings arranged between participating firms, according to the organizer.
The Japanese companies represented diverse business sectors including food, consumer products, media, chemical products and construction. The first business matching fair in Yangon followed a Myanmar investment seminar which attracted about 1,000 businesses last month in Japan. BTMU opened its Yangon Branch three months ago, partnering with Myanmar-owned CB Bank, which has 120 branches across the country.

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