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.
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.
The tourism industry will get a boost with the establishment of a tourism development bank, according to the Myanmar Tourism Bank.
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.