Myanmar’s upper house passes bill to control inflation

The Burmese parliament’s upper house passed a bill on Friday calling on the government to adopt policies that will control monetary inflation. Upper house representative Myint Kyi, a Yangon MP, submitted the proposal on Friday, and parliamentary members, including the government’s Central Bank deputy-governor Khin Saw Oo, debated it. Khin Saw Oo said that fiscal […]

Four Thai banks vie for licences in Myanmar

Thai banks with representative offices in Myanmar have a strong interest in applying for restricted-services licences, after that country recently opened up for such applications from foreign banks for the first time. Four Thai banks have representative offices in Myanmar – Bangkok Bank, Krungthai Bank, Siam Commercial Bank and Kasikorn-bank. If they can obtain the […]

Myanmar Firms Feel Pinch From Abroad

YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]