Government banks will merge
Four government-owned banks will eventually merge into one entity in order to streamline their operations, especially for small-scale lending. Union Minister of Planning, Finance and Industry U Soe Win made the announcement at a workshop for micro,
Thailand expands Myanmar finance ties in major bank investment
A major Thai bank may soon be a 35 percent stakeholder in Myanmar’s Ayeyarwaddy Farmers Development Bank in the deepening financial relationship between the two countries. The Kasikorn Bank, or KBank, Thailand’s fourth largest financial i
Myanmar legalizes foreign remittances
Independent cash remittance services can now receive official licenses to transfer money between Myanmar and other countries. The Central Bank of Myanmar will issue the licenses mainly to overseas employment agencies. Myanmar people have been able to
