Myanmar
LATEST ARTICLES
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The abrupt departure of the US NGO fund from military-run Myanmar leaves a vacuum for microfinanciers.
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Running a bank during the Covid-19 crisis in Myanmar is hard enough. Throw in a military coup and the situation becomes far worse.
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Running a bank during the Covid-19 crisis in Myanmar is hard enough. Throw in a military coup and the situation becomes far worse.
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Running a bank during the Covid-19 crisis in Myanmar is hard enough. Throw in a military coup and the situation becomes far worse.
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Cash-starved small businesses and microfinance institutions in Myanmar are increasingly relying on a United Nations initiative to make ends meet. But results are mixed, showing there is still a long way to go to revive the industry.
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The country’s lost decade appears to be assured: the military coup hit the financial system and the economy – and it is scaring away many investors.
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Myanmar’s banking system has been on life support since the coup on February 1, with normal business grinding to a halt. But what’s replaced it feels like a slow-motion bank run that’s chaotic and corrupt.
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Myanmar is once again an investment pariah as the country’s businesses and financial sector reel from the impact of the coup.
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Myanmar's banks proved their dedication to social responsibility in 2020 through their work battling the effects of the Covid-19 pandemic in their communities. The actions of all of the banks are laudable, but AYA Bank stood out.
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For a country like Myanmar to move to digital banking is especially tough given its underbanked population is more familiar with traditional ways of banking.
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OCBC has topped Asiamoney's list of international banks in Myanmar time and again. The bank's longstanding position in the country – and its unique understanding of Myanmar's problems and opportunities – has made it the best international bank for the fourth consecutive year.
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Banking in Myanmar has never been easy. The country has long balanced a competitive landscape with a massively unbanked population. Banks have tried a variety of approaches to entice customers and establish a presence in the far corners of the country. CB Bank stands out as Myanmar's best domestic bank, best corporate and investment bank and best bank for small and medium-sized enterprises.
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Banking in Myanmar has never been easy. The country has long balanced a competitive landscape with a massively unbanked population. Banks have tried a variety of approaches to entice customers and establish a presence in the far corners of the country. CB Bank stands out as Myanmar's best domestic bank, best corporate and investment bank and best bank for small and medium-sized enterprises.
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Banking in Myanmar has never been easy. The country has long balanced a competitive landscape with a massively unbanked population. Banks have tried a variety of approaches to entice customers and establish a presence in the far corners of the country. CB Bank stands out as Myanmar's best domestic bank, best corporate and investment bank and best bank for small and medium-sized enterprises.
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Cash is still king in Myanmar; banks are still trying to figure out what to do with the power of technology.
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Sean Turnell, adviser to Myanmar’s leader Aung San Suu Kyi, discusses the liberalization, international opening and digitalization of the country’s banking sector.