Myanmar moves to stave off credit crunch

NAPYITAW — Myanmar’s banking system is facing tough new regulations that could take more than $1 billion worth of local currency out of circulation, severely curtail lending and badly hurt the economy if a tight compliance deadline is not eased, senior bankers have warned. The Central Bank of Myanmar published its first set of modern […]

Investment Forum Helps Economic Development In Myanmar: President

Myanmar President U Thein Sein said the ongoing Myanmar Global Investment Forum would contribute to the economic development of the country, official media reported on Wednesday. He added that the forum is a golden opportunity for Myanmar at a time when sweeping reform is taking place, China’s Xinhua news agency said quoting the official media’s […]