Insurer AIA to Open Burma Office
By On Wednesday, February 27, 2013 @ 6:07 am
AIA Group Ltd, Asia’s third-biggest insurer, said on Wednesday that it was planning to open a representative office in Burma, as part of a strategy of targeting demand in fast-growing Southeast Asian economies. AIA’s chief executive, Mark Tucker, told reporters on a conference call that the company had received “provisional approval” to open the representative office, which he described as a “listening and observing post”. “It clearly once was a very attractive market and will be again,” Tucker said. A representative office allows a company to establish a presence in a country but does not permit a company to conduct business.—Reuters
Article printed from The Irrawaddy Magazine: http://www.irrawaddy.org
URL to article: http://www.irrawaddy.org/archives/27812
Copyright © 2012 The Irrawaddy Magazine. All rights reserved.