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Myanmar banks feel the heat
Asia focus, Larry Jagan, Published on 23/09/2019
» The fragile state of Myanmar's banking industry remains a problem for the government as it strives to liberalise the financial sector and create a genuine market-based economy. A mini-run on local banks earlier this month underscored how shaky public confidence is.
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Myanamar reforms gather pace
Asia focus, Larry Jagan, Published on 09/04/2018
» Myanmar has reached a critical crossroads with the start of a new financial year as the National League for Democracy (NLD) government enters its third year in office. But concrete plans for accelerated economic and political reform are in the pipeline. They mark a return to the NLD's traditional, populist principles, stressing land rights and economic fairness but with an emphasis on economic liberalisation.
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Myanmar's new investment push
Asia focus, Larry Jagan, Published on 14/01/2019
» The government of Myanmar is hoping this year will be a watershed for the country's investment and development plans. The emphasis is firmly on liberalisation and attracting foreign investors, as well as involving the local business community in the expected economic resurgence.
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Myanmar businesses stumble on corporate responsibility
Asia focus, Larry Jagan, Published on 30/10/2017
» Many foreign investors are shying away from Myanmar because of the government's apparent failure to prioritise economic development and the violence in Rakhine state. Local businesses also complain of government inertia. But ministers still insist that the country is on the verge of a major economic breakthrough.
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Painful correction
Asia focus, Larry Jagan, Published on 08/10/2018
» Myanmar's currency crisis seems to have eased in recent days as a result of government actions, and to the relief of some market observers who feared an Argentina-style meltdown was in the making.
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Myanmar looks West
Asia focus, Larry Jagan, Published on 25/03/2019
» Myanmar has embarked on a campaign to revive flagging interest among European investors, after focusing mainly on Asian countries -- the source of almost all the country's foreign investment in the last two years.
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Myanmar steps up financial reforms
Asia focus, Larry Jagan, Published on 24/12/2018
» The government of Myanmar is finally putting its long-anticipated plans for economic liberalisation into overdrive. In the past few weeks it has announced numerous reforms -- including insurance liberalisation and further easing of restrictions on foreign banks, the establishment of a credit rating bureau and the formation of a "project bank" to encourage investment, especially from abroad.
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Myanmar takes aim at graft
Asia focus, Larry Jagan, Published on 04/06/2018
» Myanmar's government is declaring war against corruption and preparing for significant cabinet changes amid the biggest political crisis since it took power two years ago.
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Patience tested
Asia focus, Larry Jagan, Published on 01/05/2017
» The government of Aung San Suu Kyi has been in power in Myanmar for just over a year. But many people have become disillusioned with its performance. For the urban elite, the country seems directionless, amid an acute policy vacuum.
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Foreign banks head for Myanmar
Asia focus, Larry Jagan, Published on 24/03/2014
» Myanmar’s government is preparing to allow foreign banks to operate independently within the country before the end of the year. Already a “fast track” process for the selection of up to 10 banks has begun, according to sources in Myanmar’s Central Bank. But there is already resistance from local banks.
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