BANGKOK--Myanmar’s economy is forecast to contract this year, the World Bank said Wednesday, as flooding and fighting take a severe toll nearly four years after the military ousted its elected ...
NAYPYITAW (Reuters) - Myanmar's central bank has backed off from a demand that the country's private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers ...
FILE PHOTO: People line up outside a bank to withdraw cash, in Yangon (Reuters) - Myanmar's currency has lost more than 60% of its value since the beginning of September, driving up food and fuel ...
It is a busy day in the Kamayut branch of KBZ Bank in Yangon. Beneath a photograph of the bank’s chairman receiving an award for being the country’s biggest taxpayer, a woman in a green facemask is ...
Myanmar's central bank denied a U.N. report that the country's military government can still access money and weapons for its war against anti-coup forces, saying financial institutions under the bank ...
YANGON, November 22, 2012 ---The World Bank and Myanmar marked an important milestone this month, with the Interim Strategy and National Community Driven Development (CDD) Project endorsed and ...
The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3. In a ...
The Central Bank of Myanmar (CBM) has revoked foreign exchange licences held by hotels, airlines and thousands of other businesses, in a bid to counter dollarisation. The new policy is effective from ...
Nearly a year after the coup that overthrew Myanmar’s elected civilian government, the outlook for the country’s economy remains grim, with the World Bank predicting an anemic growth rate of 1 percent ...
Australia & New Zealand Banking Group Ltd., three Japanese banks and five others on Wednesday won coveted licenses to operate in Myanmar after decades in which foreign lenders were frozen out of the ...
Myanmar's Co-operative Bank Ltd. and MasterCard on Tuesday launched the first-ever card for Myanmar residents, a prepaid card for use overseas. The card, available to Myanmar residents who bank with ...
Globally, World Bank Group COVID-19 support since April 2020 includes deployment of up to US$160 billion in financial support to help more than 100 countries protect the poor and vulnerable, support ...
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