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.
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.
As the Burmese kyat loses value, more and more customers have been withdrawing their savings.
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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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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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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 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.
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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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.
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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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.
A college student in southern Shan state was arrested yesterday for allegedly robbing a bank and fighting with a security guard
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
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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[…]
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[…]