The central banks of Singapore and Myanmar are entering into a Memorandum of Understanding (MOU) to strengthen bilateral cooperation. The MoU will facilitate the Monetary Authority of Singapore (MAS) and Central Bank of Myanmar to cooperate on banking supervision and capacity building. According to senior MAS official, in tandem with Singapore banks preparing to operate in Myanmar, the MoU underscores Singapore’s close ties with Myanmar and our readiness to deepen cooperation with Myanmar. This adds to the extensive bilateral cooperation from economic and legal to technical cooperation.