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Myanmar may allow foreign credit cards by 2013

YANGON, Myanmar — Banks in Myanmar are hoping to begin handling international credit card transactions by next year. Than Lwin, deputy chairman of the prominent Kanbawza Bank, said Sunday that negotiations are under way with Visa on the use of its cards. Foreign...

Foreign investors eye Myanmar’s hotel industry

Investors from Vietnam, France and India are eyeing a slice of Myanmar’s hotel industry due to the explosive growth rate of tourism in the country, local media reported Tuesday. The demand for hotel rooms has risen as the number of tourist arrival on business and...