Overseas banks can now register with Burma’s Central Bank to apply for various banking services and operations, according to a Bank official who said that a board had been formed[…]
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This week’s business news: rice exports suspended; foreign firms bid for gas venture; first Malaysian bank opens; Japan pledges to Rangoon rail project.
The Central Bank of Myanmar has announced that the state-owned Bank of India has been given permission to open a representative office in Burma, joining nearly 40 foreign banks which[…]
Government statistics note a drop of $670 million in the 2009-10 fiscal year but do not factor in anticipated projects and secreting of billions of dollars
Washington urged to target US banks linked to Burma’s leaders and appoint a special representative on Burma as senators turn up the heat on Obama