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 ...

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 central bank has ordered companies with up to 35% foreign ownership to convert foreign exchange into the local currency, state media reported on Monday, extending a rule aimed at relieving ...

JURIST EXCLUSIVE – One of the Myanmar law students reporting for JURIST considers the practical circumstances of everyday financial life in Myanmar under the military coup. Formerly straightforward ...

FILE - Woman arrange flowers at a street market in Yangon, Myanmar, on Feb. 2, 2021. World Bank economists say Myanmar's economy grew 3% in 2022 and will likely achieve the same pace of growth in 2023 ...

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 ...

Dec 6 (Reuters) - Myanmar's central bank will no longer set exchange rates for foreign currencies and will allow banks and dealers to decide rates themselves, according to state media, in a rare ...

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 ...