As the Burmese kyat loses value, more and more customers have been withdrawing their savings.
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
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,[…]
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[…]
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[…]
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[…]