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  • October 2, 2014
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Results 1 - 10 of 14 for bank deposits

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  1. News - Asia - MYANMAR

    World Bank grants US$245m in aid for Myanmar

    Posted Nov 02nd 2012, 03:25pm by Reuters in Washington

    ... Reuters in Washington The World Bank on Friday earmarked US$245 million in credit and grant funding for Myanmar under an 18-month work plan, the first lending to the southeast Asian nation in 25 years and another sign the country is opening up after years of military rule. The interim country strategy, endorsed by the World Bank board at a meeting in Washington, will guide ...

  2. News - Asia - MYANMAR

    Myanmar banks sign deal with Visa

    Posted Nov 03rd 2012, 06:31pm by Associated Press in Yangon

    ... Associated Press in Yangon Officials in Myanmar say three private banks have signed agreements with Visa Inc. to enable international travelers to use credit cards and withdraw cash from ... of Kanbawza Bank, says the deal was agreed between Visa and his bank as well as two others- Co-operative Bank and Myanmar Oriental Bank. He called the agreement “a milestone” that will boost ...

  3. News - Asia - MYANMAR

    Exploited workers in 'Little Myanmar' bank on Suu Kyi

    Posted Oct 17th 2012, 12:00am by David Eimer in Mahachai, Thailand

    ... David Eimer in Mahachai, Thailand Thai port's 250,000 Myanmese migrant workers are often 'exploited and abused'. They hope Suu Kyi's return to frontline politics paves a way home 'Little Myanmar' banks on Suu Kyi Walk the streets of Mahachai and you might be in Myanmar rather than Thailand. Shop stores have signs in the distinctive Myanmese script, ...

  4. News - Asia - MYANMAR

    Myanmar unrest raises stakes for tourist industry

    Posted Oct 07th 2013, 12:19pm by Agence France-Presse in Thandwe

    ... million milestone last year as reforms took root and the Asian Development Bank has predicted they could be at least 1.52 million by 2015. McKinsey estimates that by 2030 the tourism sector could ...

  5. News - Asia - MYANMAR

    Japan vows to resume loans to Myanmar, calls for more support

    Posted Oct 11th 2012, 05:25pm by Agence France-Presse in Tokyo

    ... on the sidelines of the IMF and World Bank’s annual meetings in Tokyo. Reports last month said lenders would pledge US$1.0 billion for Myanmar to help pay its debts as the former military state ... transition... from a state-centred economy to a free-market economy.” In a statement after the meeting, the World Bank and Asian Development Bank said they were “advancing necessary preparations ...

  6. News - Asia - MYANMAR

    Tycoon Zaw Zaw sees his fortunes rise as ties to old guard bear fruit

    Posted Jun 03rd 2013, 12:00am by AP

    ... hotels and banking to cement and construction. France's Accor Group has a deal with him to manage the Novotel in Yangon and an MGallery hotel in Naypyidaw, the capital. Zaw Zaw says he is pursuing a joint venture with a Thai cement company, and trying to get his Ayeyarwady Bank in shape so he can bring in a foreign partner. He also made a bold effort to list his energy subsidiary ...

  7. News - Asia - MYANMAR

    Myanmar's leader vows to curb poverty

    Posted Jun 02nd 2013, 02:52pm by AFP

    ... line, according to the Asian Development Bank. Thein Sein’s government on Sunday launched a plan to offer micro-finance loans together worth several million dollars to households and workers ...

  8. News - Asia - MYANMAR

    Myanmar leader begins South Korea visit

    Posted Oct 08th 2012, 01:31pm by Agence France-Presse in Seoul

    ... gas reserves and big deposits of iron ore, zinc, nickel and other mineral resources. Last week a South Korean consortium signed an agreement to build a 500,000-kilowatt power plant ...

  9. News - Asia - MYANMAR

    Myanmar becomes a land of opportunity with political reform

    Posted Apr 03rd 2013, 12:00am by Charlotte So

    ... for the average worker to buy a house in the city, home to six million people, because banks in Myanmar are banned from providing mortgages in the wake of a bad-debt crisis that hit its banking system ... investors from abroad. "There is a lack of investment tools offered by the banks. Rich people can invest only in property or cars," says Ivan Pun, senior associate of corporate development ...

  10. News - Asia - MYANMAR

    Myanmar seeks IMF programme to aid reforms, clear debt

    Posted Jan 18th 2013, 11:12am by Reuters in Washington

    ... billion yen Myanmar owes it in debt. Myanmar also owes nearly US$400 million to the World Bank and almost US$500 million to the Asia Development Bank. The IMF said the main domestic risk facing ...




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