Burma’s most iconic Buddhist monument, Shwedagon Pagoda, has a fund of nearly 70 billion kyat (US$52 million) sitting in a bank account, earning yearly interest of up to 4bn kyat.
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The Lower House of Parliament has passed a bill in favour of again printing the image of General Aung San on banknotes, with the vote on Friday overcoming opposition from the chamber’s military bloc.
The residents of flood-prone Kyaukphyu Township in southwestern Arakan State are still struggling to resume agricultural production seven years after their lands were devastated by Cyclone Giri in 2010.
We do requests donations from local businesses, but never using force or threats,” the KIO responded.
Agricultural Bank of China (AgBank), the country’s third-biggest lender, said it will spend three years building an anti-money laundering (AML) centre to improve and centralise AML control.