"Myanmar on Wednesday announced its first round of licenses to foreign banks, with Japan?s three biggest banks, Bank of Tokyo-Mitsubishi UFJ (BTMU), Sumitomo Mitsui Banking Corp and Mizuho Bank winning three of the nine licenses on offer. This was more than any other country, with Singapore the only other country to be awarded more than one license. The news comes as both the Japanese government and major companies are investing in infrastructure and building industrial parks in what is referred to as a ?final frontier” for Southeast Asian investment."