Businesses jumpy over impending loan repayment deadline

Some of Myanmar’s business leaders are urging those of their compatriots who have been slow in repaying their loans to do so in order to avoid a financial crisis. There has been speculation that banks would be suing businesses that have not been repaying their loans on a regular basis or have defaulted to pay […]

Yoma to tap digital banking for nationwide expansion

YOMA BANK, one of the largest private banks in Myanmar, plans to focus on providing digital products to millions of people in Myanmar , according to Hal Bosher, the bank’s chief executive officer. Bosher said in an exclusive interview that digital products would allow the bank to serve the country better, making banking accessible and […]

Investor sentiment buoyant in ASEAN; PH leads in GDP growth forecast

Despite concerns on the domestic tax environment in the Philippines, the country still ranks highest in terms of high GDP growth projection in ASEAN, which growth is partly driven by government spending, according to a survey. The Oxford Business Group launched its edition of the Business Barometer: OBG in ASEAN CEO Survey, which pointed to […]

Another paper bites the dust

Claiming “financial crisis”, Messenger Media yesterday published the last issue of its daily Messenger newspaper. The three-year-old paper was a free sheet for its first two years, but the introduction of a K100 cover price over the past year failed to stem the losses. Managing editor Ko Thura Aung denied reports that the closure was […]