Bank of China paves way for entry to Burma
Bank of China is one of the five largest state-run commercial banks in China, with more than 305,000 employees, and assets listed in 2013 at $2 trillion.
Tagged: bank
Banking shutdown ‘just a rumour’, says Central Bank
As the Burmese kyat loses value, more and more customers have been withdrawing their savings.
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Business weekly 24 July
This week in business; H&M voices support for a minimum wage, China tops list of foreign investors, and a visa-free agreement reached with Thailand.
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New development bank to lift tourism sector
The tourism industry will get a boost with the establishment of a tourism development bank, according to the Myanmar Tourism Bank.
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Business weekly 17 July
This week in business; the wage war continues as workers rally and factories threaten closure, ‘New Rangoon’ property goes ahead and Henekin taps into Burma.
Citigroup, StanChart hope to boost Burma’s credit rating
Citigroup Inc and Standard Chartered Plc are set to advise Burma on its first credit rating, paving the way for it to issue its maiden international bond.
Bank attacked by ‘insurgents’ in Muse
Following letters of extortion demanding money, Burmese military-owned Myawady Bank in the northern Shan State border town came under fire on Saturday.
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Burma Business Weekly
BUSINESS in BURMA THIS WEEK: China remains the country’s top trading partner; Myeik to Bangkok flights launch; Austria offers technical expertise on hydropower projects; and corruption in Burma still worries investors.
CB Bank to open in Chin State
The Co-operative Bank Ltd, better known across the country as CB Bank, is set to open a new branch in Hakha, Chin State, next month.
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Crawling, walking, but not yet running – ATMs in Burma
Just one year ago, Burma was a purely cash economy: there were no ATMs and international credit cards were not generally accepted. Now VISA and MasterCard are leading the way in; but infrastructure in Burma is still a setback.
Teenage bank robber arrested after allegedly stealing 20 dollars
A college student in southern Shan state was arrested yesterday for allegedly robbing a bank and fighting with a security guard
Govt lowers bank interest rates
Govt lowers the country’s high interest rates to combat currency appreciation & increase liquidity in the market, but banking and the economy remain opaque and troubled say analysts
Swiss bank fined $536mln for Burma ties
Dec 17, 2009 (DVB), A Swiss banking giant has been fined $US536 million after being found guilty of violating US sanctions through years of undetected transactions with so-called "rogue" regimes,[…]
Banks skim money from Burmese farmers
June 23, 2009 (DVB), The Burmese government's agricultural bank is skimming money from agricultural loans for farmers and using it in their own loan sharking ventures, say the opposition National[…]
World Bank will not support junta, says NLD
Jul 9, 2008 (DVB), The World Bank does not have any plans to provide the military regime in Burma with financial assistance, according to Dr Win Naing, a member of[…]
Economist says junta flouts World Bank rules
May 22, 2008 (DVB), Burmese economist Zaw Oo says the reason the World Bank will not provide Burma with financial assistance is simply because Burma has violated the rules and[…]
Administrator killed in Thingangyun bank robbery
Apr 11, 2008 (DVB), A bank robbery at Thingangyun township's Myanma Economy Bank on Tuesday left the bank administrator dead and an accountant injured, according to township police. An officer[…]
