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Myanmar Branch of ICBC Joins China's Global Trade Payment System

Myanmar Branch of ICBC Joins China's Global Trade Payment System
irrawaddy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irrawaddy.com Daily Mail and Mail on Sunday newspapers.

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Myanmar Junta Orders Yangon Factories to Submit Bank Account Info

Regime tightens control on financial flows in commercial capital, sparking concern among business owners already struggling with soaring costs. ....

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People Line Up at Myanmar Military-Run Bank to Withdraw Cash for Second Day

People Line Up at Myanmar Military-Run Bank to Withdraw Cash for Second Day
People line up in front of a Myawaddy Bank branch in Yangon to withdraw cash on Tuesday. / The Irrawaddy
7.6k
By The Irrawaddy 17 February 2021
YANGON Among the large crowd of people lined up for a second day in front of the Myanmar military-owned Myawaddy Bank in Yangon to withdraw money on Wednesday, many expressed concern that the demand for cash across the country could cause the bank to collapse.
After anti-coup protesters called for a boycott of military-related businesses, branches of Myawaddy Bank in Yangon experienced unusually large numbers of customers withdrawing money this week, despite only being open for a few hours in the mornings. ....

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Customers Flock to Withdraw Cash From Myanmar Military-Owned Banks

Customers Flock to Withdraw Cash From Myanmar Military-Owned Banks
People line up at a branch of Myawaddy Bank in Yangon on Feb. 16. / The Irrawaddy
5.4k
By The Irrawaddy 16 February 2021
YANGON A large number of people rushed to the Myanmar military-owned Myawaddy Bank in Yangon to withdraw cash on Tuesday morning after anti-coup protesters called for a boycott of military-related businesses.
On Monday, military-owned banks in Yangon opened for only half a day after hundreds of people thronged to withdraw money from their bank accounts as the civil disobedience movement (CDM) gathered strength across the country.
A bank employee at a Yangon branch of Myawaddy Bank on WarTan Street informed customers queuing for services on Tuesday that the bank would service 200 customers a day and that withdrawals were limited to 5 million kyats (about US$3,550) per person. He said customers who were not among the first 200 could return to queue at 8:30 a.m. Wednesday m ....

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China calls for upholding Myanmar stability

By YANG HAN in Hong Kong |
China Daily |
Updated: 2021-02-03 07:03
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People line up outside a bank branch in Yangon, Myanmar, on Monday. Local banks temporarily suspended service for a number of hours on Monday due to poor internet connections, the Myanmar Banks Association said. [Photo/Agencies]
China expressed its hope that the international community would contribute to the political and social stability of Myanmar, which saw relatively calm streets inside the country but increasing tension from outside.
The statement came after a yearlong state of emergency was declared and senior government leaders were detained on Monday following electoral tensions. ....

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