Myanmar expected to see 5 percent budget deficit for 2013-14

Myanmar’s budget deficit for 2013-14 could be as much as five percent, according to the reports from World Bank’s Branch Office in Yangon. Myanmar saw 4.6 percent in budget deficit during 2011-12, and 3.7 percent in 2012-13. This year, it is expected to rise up to 5 percent, according to the World Bank’s estimates. “For […]

Myanmar to amend 23-years old financial institutions law

Myanmar will soon amend its 23-years old financial institutions law, according to officials at a recent press conference. The conference was held on October 5 at the office of the Myanmar Banks Association. “The law is too old as it was enacted in 1990. That’s one reason. And the country has made many changes in […]