Western Union has announced that it is expanding operations in Burma with nine local banks, namely Ayeyarwady Bank, Co-operative Bank, First Private Bank, Kanbawza Bank, Myanmar Apex Bank, Myanmar Treasure Bank, Myanmar Oriental Bank, United Amara Bank and Yoma Bank, which altogether have 460 Western Union outlets across the country to send and receive funds, …
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US dilutes Burma investment reporting requirements
Rights groups criticised the move, which they said would increase the risk of undermining political and economic reforms.
Some US sanctions eased, but most remain in place
The US government has decided to maintain most economic restrictions on Burma in an effort to punish those Washington sees as hampering the country’s newly elected government.
Burma Business Weekly
BUSINESS in BURMA THIS WEEK: Price of gold stabilises while kyat finishes strongly; Western Union expands outlets; stock exchange plans to start small; Malaysian minister urges investment in Burma; and tea industry in decline.