Local banks suspended foreign currency exchange services yesterday as the kyat surged in value against the dollar, with financial industry sources variously pointing the finger at political speculation, market rumours and a lack of clear Central Bank policy.
For a disconnected corner of Yangon Region, the missing link is about to be forged. Out-of-the-way Htantabin township will be connected with Nyaungdon in Ayeyarwady Region when a new bridge opens in April.
Real estate tycoon U Khin Shwe discusses his close friendship with Daw Aung San Suu Kyi, land confiscations associated with his company Zaykabar and his reputation as a crony of the former military regime, in an interview with The Myanmar Times.
Eight Taiwanese lenders are among the 13 banks to respond to a request for proposals (RFP) in Myanmar’s second round of foreign bank licensing.
Siam Cement Group has invited a number of monks to visit its plant in Thailand, as part of the company’s efforts to ease local concerns about a coal-burning plant that will power its new cement factory in Kyaikmaraw, Mon State.