Business
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State-owned bank in Naypyitaw threatens lawsuits for overdue loans
The borrowers say they were unable to keep up with payments due to the impact of the Covid-19 pandemic and 2021 coup on their businesses
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‘Banks must be desperate’ under Myanmar junta — Sean Turnell
Following his release from Myanmar prison, former NLD economic advisor Sean Turnell says policy institutions have ‘locked themselves away,’ becoming ‘hermit caves’ under military
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Singapore company divests from Myanmar hotel development subsidiary
The Singapore firm’s subsidiary operates a luxury hotel in Yangon, and its corporate officers have business ties to Myanmar construction conglomerate Shwe Taung Group
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Myanmar’s post-coup economy is heading for a reckoning
Nearly two years after seizing power, the military has pushed the country’s economy to its limits
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Outlook remains bleak for Myanmar’s ‘critically weak’ economy, says World Bank
The economy is expected to rebound by just 1% after shrinking by almost a fifth last year thanks to COVID-19 and the coup
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