Banks have even received deposits of S$10 million in bills, in a country where most still prefer cash in hand over credit. But could mobile wallets change all that? YANGON: At banks in Myanmar, it’s not unusual to see people lugging huge and heavy gunny sacks into the lobby. Once inside, they’ll split open the […]
In Myanmar, buying cars and homes with gunny sacks full of cash
June 8, 2017 by Thiha
Filed Under: Latest News Tagged With: ATM cards, bank, cash, cash-based society, cashless transactions, Credit Bureau, Credit Cards, deposit, deputy managing director of AYA Bank, government, higher income, Internet connection, lobby, middle-income, mobile banking, mobile penetration, Mr David Wang, Myanmar, Singapore banks
Bamboo matting business nearly halts in Tatkon
April 1, 2016 by thiha
Bamboo matting is in danger of going out of business in Tatkon due to a public loss of interest in bamboo matting produce and increasing labour shortages. The soaring price of bamboo used for matting and shortages of skilled labour are likely to push business out of operation, said U Aung Than who runs a […]
Filed Under: Latest News Tagged With: Bamboo matting, bamboo matting business, barns, fences, higher income, labour shortages, loss of interest, Myanmar, skilled workers, soaring price, storage huts, Tatkon, U Aung Than
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