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Burma’s electricity grid receives World Bank boost
The World Bank has approved a US $400 million interest-free credit to support the Burmese government’s expansion of the national electricity grid.
First Malaysian bank opens in Burma
Malayan Banking Bhd (Maybank), Malaysia's leading bank by assets, commenced branch operations in Burma on Monday.
US$300 million loan approved for rural development
The Burmese parliament has approved a proposed loan of US$300 million from EXIM Bank of China to fund the Cooperative Ministry’s micro-financing projects
Burma’s growth rate set to hit 8.5 percent: World Bank
The World Bank estimates Burma’s economic growth rate at 8.5 percent for 2014 and 2015, a figure higher than any other nation it surveyed, including China.
Lion’s share of Burma’s new bank licenses awarded to Japan
Burma’s Foreign Bank Licensing Committee awarded preliminary licenses to nine foreign banks on Wednesday, and Japanese banks were by far the biggest winners.
Ne Win’s grandson to buy into AGD Bank
The grandson of late Burmese dictator Ne Win revealed that he plans to purchase the majority of shares of Asian Green Development Bank, which is owned by Tay Za.
