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Myanmar banking system near collapse

Myanmar’s banking system has nearly collapsed following the Feb. 1 military coup, with the country’s Central Bank and private banks seeing fewer deposits made and more money being taken out in withdrawals, RFA reported. The Central Bank has also had trouble disbursing enough funds to private banks to cover amounts being withdrawn for account-holders’ daily […]

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Myanmar curbs drink imports

Myanmar has imposed a ban on imports of five Thai drinking products sent by land from Thailand, but will allow imports of these products by sea. Starting from Saturday, the ban applies to soft drinks, fruit juices, ready-to-drink coffee, condensed sweetened milk and fresh milk sent by land. However, these products can be exported via […]

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