MYANMAR-WEEK IN REVIEW: SILVER LINING FOR COUNTRY’S FISCAL WOES?
Traditional market by the railroad tracks in Yangon. Wikimedia Commons
The Myanmar Times-Sept 28
The state of the country’s economy has dominated this week’s news, but economists and businessmen have pointed to a few sectors that could boost faltering economic growth due to high inflation and the tumbling kyat. First on the list of the bright spots is the banking sector. U Than Lwin, adviser to KBZ Bank and former deputy governor of Central Bank Myanmar, noted that the banking sector’s performance would improve dramatically this year as a result of an increase in the number of bank account holders and people using different banking services.
First published in: The Myanmar Times