NAYPYITAW (Reuters) - Myanmar's central bank has backed off from a demand that the country's private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers ...

The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3. In a ...

Myanmar’s economy will contract this year amid civil war and ongoing drag from a March earthquake, according to the World ...

Myanmar's economy is showing some signs of improvement and its GDP growth is estimated to rebound to 3% in the next fiscal ...

FILE PHOTO: People line up outside a bank to withdraw cash, in Yangon (Reuters) - Myanmar's currency has lost more than 60% of its value since the beginning of September, driving up food and fuel ...

YANGON, November 22, 2012 ---The World Bank and Myanmar marked an important milestone this month, with the Interim Strategy and National Community Driven Development (CDD) Project endorsed and ...

It is a busy day in the Kamayut branch of KBZ Bank in Yangon. Beneath a photograph of the bank’s chairman receiving an award for being the country’s biggest taxpayer, a woman in a green facemask is ...

SINGAPORE, August 9, 2023/EINPresswire.com/ -- KBZ Bank, Myanmar’s largest privately-owned bank, has been recognised with the ‘Best Bank in Myanmar 2023’ award ...

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and ...

Globally, World Bank Group COVID-19 support since April 2020 includes deployment of up to US$160 billion in financial support to help more than 100 countries protect the poor and vulnerable, support ...

Nearly a year after the coup that overthrew Myanmar’s elected civilian government, the outlook for the country’s economy remains grim, with the World Bank predicting an anemic growth rate of 1 percent ...

Australia & New Zealand Banking Group Ltd., three Japanese banks and five others on Wednesday won coveted licenses to operate in Myanmar after decades in which foreign lenders were frozen out of the ...