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    Tagged: central bank of myanmar

    Economy Finance Lead Story News

    Central bank governor under fire amid stalled reforms

    Kyaw Kyaw Maung, the governor of the Central Bank of Myanmar, was reappointed to the position in 2013 by former president Thein Sein, after previously serving under Burma’s former military junta.

    Business Lead Story News

    Dollar black market undermines Burma’s banks

    Lenders say they have been forced to turn to unlicensed brokers for scarce dollars to keep the wheels of trade turning.

    Business Lead Story News

    Banking shutdown ‘just a rumour’, says Central Bank

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

    More

    Business Business Weekly Lead Story News

    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.

    The US dollar is predicted to strengthen further against the kyat. (PHOTO: DVB).

    Business Economy Finance Lead Story News

    US dollar demand rises against weakened kyat

    Burmese finance analysts have predicted that the US dollar will continue to strengthen against the kyat until the end of the year, state media reports.

    Economy Lead Story News Trade

    Central Bank moves to prevent commodity price hike

    State-owned Central Bank of Myanmar on 17 June announced that it will begin the unrestricted sale of foreign currencies to fuel and edible oil importers.

    Business Business Weekly Lead Story News

    Business weekly 5 June

    In business this week: YSX to open in October; MPs plan to borrow from CBM for agricultural loans; green energy in Burma; local banks fear foreign rivals.

    Business Lead Story News Trade

    Forex traders warned as kyat struggles

    As Burmese kyat falls, the Central Bank of Myanmar warns foreign currency exchange operators to sell foreign bank notes only within official rates.

    Lead Story News Politics

    Gen Aung San image to appear on Burmese banknotes

    The vice-president of the Central Bank of Myanmar, Daw Khin Saw Oo, tells lower house MPs that the bank was planning to issue new banknotes featuring the image of Burma’s national hero, Aung San, as well as other prominent Burmese leaders.

    Business News

    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

    Business News

    Microfinance plan met with caution

    Mooted scheme at mercy of endemic corruption and absence of conditions conducive to effective management

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