The military regime is set to drop meaningful structural reforms from an economic recovery plan initiated by the former National League for Democracy government, and is instead promising to slash red tape in a bid to shore up collapsing business confidence.
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The bank's deputy governor says that foreign lenders will soon have some restrictions lifted on offering services, after an assessment of the banking sector is finished.
Hours before authorities decided to shutter four Islamic schools in Thaketa, controversial monk U Wirathu was part of a 100-strong crowd that attended a trial for nationalist protesters in Kamaryut.