Vietnamese bank steps in to finance local small-scale loans

The Small and Medium Industrial Development Bank (SMIDB) will fund its SME loan program this year through a Vietnamese wholesale loan at half the interest of previous loans from Myanmar state-run banks, officials said. The US$30 million wholesale loan from Bank of Investment and Development of Vietnam (BIDV) at a 4 percent interest rate will […]

Unilever banners in Myanmar used extremist symbol

YANGON, Myanmar — Consumer products giant Unilever scrambled Monday to remove advertising banners from shops in western Myanmar that prominently displayed the symbol of the Buddhist extremist movement blamed for a wave of bloody attacks against minority Muslims. Photos viewed by The Associated Press showed the large green banners stretched over storefronts in the Rakhine […]