After kicking off the US-Myanmar direct money transfer service, Kanbawza Bank (KBZ) has tried to establish a direct channel with US banks, KBZ managing director U Win Lwin told the media. Right now, KBZ has opened a USD settlement account in New York’s branch of Sumitomo Mitsui Banking Corporation (SMBC). Hence, direct money transfer […]
Thai Labour woes turn producers to Myanmar
July 19, 2013 by
THE electrical-appliance and auto-parts industries are already forging trade relations with partners in Myanmar due to the labour shortage in Thailand. “Some companies aim to set up factories there this year so that they can start production next year,” Suparp Suwanpimolkul, honorary president of the Thai Subcontracting Promotion Association, said yesterday. As the members of […]