KBZ Bank is suing the owner of Myanmar Industrial Port over alleged unpaid debts of more than US$200 million, in a case that is symptomatic of the problems facing the country’s leading banks as they seek to resolve legacy non-performing loans.
A sweet deal awarded to a Chinese company during the military dictatorship is focusing more attention on production sharing contracts that lack transparency.
The market for government bonds is picking up and now covers the budget deficit, but some players say the Central Bank of Myanmar needs to do more to boost sales.
Two years ago the government sought an economic fix for Rakhine by luring private investment to the conflict-wracked state, but big-dollar pledges have failed to materialise.
