As the military-owned Myawaddy Bank suspends operations following a run on withdrawals, government retirees worry their next pension payments from state-owned Myanma Economic Bank won’t come.
BY Frontier
Myanmar’s new military regime is striving to present a business-as-usual approach to the economy in the face of daily street protests, but even a normally pliant private sector is crying foul at some of its initial steps.
BY Frontier
A new Central Bank deputy governor has lashed out at protesters and bank staff who have joined the Civil Disobedience Movement and forced private banks to close their branches, and claimed the military regime is “doing its best” and should be given more time.
BY Frontier
The Tatmadaw has occupied the border town of Myawaddy and the Kayin State Border Guard Force has sealed off its nearby Shwe Kokko enclave as tensions rise over the group’s business empire.
