Singapore Sovereign Wealth to Back Myanmar Microfinancing
One of Temasek Holdings’ investment themes is investing in transforming economies and selecting sectors that will prosper from a growing middle class. Financial services is a sector that is underrepresented in many Asian emerging markets like India and Vietnam. Fullerton Financial Holdings, a sovereign wealth enterprise (SWE) of Temasek Holdings, has entered into a nascent lending market in Myanmar by providing microfinancing opportunities. Myanmar is still a largely cash-based economy and the liberalization of the banking industry is slowly gaining traction.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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