One week after China signed a batch of new trade deals with Myanmar, Japan announced that it will provide Myanmar USD 1.1 billion in loans to fund four major infrastructure projects. The agreement, signed by Japanese ambassador to Myanmar Ichiro Maru
KBZ Bank has filed suit against the owner of Myanmar Industrial Port over what could be the largest loan default in Myanmar history. KBZ is suing tycoon U Ko Ko Htoo and his company for unpaid debt totaling more than USD 220 million, reported Frontie
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
Even the United Nations says Myanmar is dismal for online shopping. The country ranked 126th in the The United Nations Conference on Trade and Development’s (UNCTAD) “Business-to-Consumer (B2C) E-commerce Index.” measuring an economy’s pr
Money transfer giant Western Union announced that it is cutting ties with the military-owned Myawaddy Bank, becoming the latest foreign company to heed the United Nations’s advice and sever business ties with the Myanmar Army (Tatmadaw). In an
Myanmar’s domestic gold prices reached MMK 1.3 million per tical (about 16.33 grams) on September 5th. It has been the highest rate this year. Economic uncertainty and the rising value of the dollar against the kyat are thought to be driving in