Foreign investors planning to invest in domestic banks will still be required to seek approval from the Central Bank of Myanmar (CBM) to do so, U Soe Thien, vice governor of the central bank, told The Myanmar Times yesterday. “According to the law, all firms are included under the 35 percent threshold. But, being financial […]
CBM Invites Citizens to Exchange Old Bank Notes
September 13, 2017 by
Old, broken, or otherwise unusable bank notes can be exchanged for new ones at state-owned banks and private banks, according to an announcement by the Central Bank of Myanmar. The CBM has been trying to motivate citizens to exchange decrepit notes since 1993 when they first announced this initiative. Under the bank note exchange, local […]
Myanmar ranked 161st freest economy in the world
February 9, 2015 by
With a score of 46.9 in the Heritage Foundation’s “Index of Economic Freedom 2015”, Myanmar needs to improve many areas of its economy to keep up with countries in the region and the world. Myanmar’s score is well below the regional average of 58.8 and the world average of 60.4, ranking it the 161st freest […]
