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Yoma Strategic : Myanmar limits foreign hires in banks in troubled financial sector


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BANGKOK (Reuters) - Myanmar is limiting the number of foreign staff allowed to work in domestic banks, a move that industry sources warn could further impede financial development in a country that had seen a boom in foreign investment before the military coup.
A letter dated Aug. 2 and posted on the central bank s website said major banks can now employ no more than 25 foreign staff, 15 at a medium-sized bank and eight at small lenders.
In addition, a bank must obtain authorisation 30 days before hiring a foreign national and some senior posts must be held by local citizens, it said. ....

Ed Davies , Aradhana Aravindan , Suu Kyi , Simon Cameron Moore , Myanmar Yoma Bank , Yoma Strategic Holdings , Yoma Bank , Aung San Suu Kyi , Win Thaw , Southeast Asia , First Myanmar Investment , Singapore Listed Myanmar Focused , எட் டேவிஸ் , ஆராதனா அரவிந்தன் , ஶ்யூயூ கீ , சிமோன் கேமரூன் மூர் , மியான்மர் யோமா வங்கி , யோமா மூலோபாய ஹோல்டிங்ஸ் , யோமா வங்கி , ஆங் சான் ஶ்யூயூ கீ , தென்கிழக்கு ஆசியா , முதல் மியான்மர் முதலீடு ,

Myanmar limits foreign hires in banks in troubled financial sector

Myanmar limits foreign hires in banks in troubled financial sector
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

Krung Thep Mahanakhon , Suu Kyi , Myanmar Yoma Bank , Yoma Strategic Holdings , Yoma Bank , Aung San Suu Kyi , Win Thaw , Southeast Asia , First Myanmar Investment , Singapore Listed Myanmar Focused , ஶ்யூயூ கீ , மியான்மர் யோமா வங்கி , யோமா மூலோபாய ஹோல்டிங்ஸ் , யோமா வங்கி , ஆங் சான் ஶ்யூயூ கீ , தென்கிழக்கு ஆசியா , முதல் மியான்மர் முதலீடு ,

Myanmar limits foreign hires in banks in troubled financial sector

Myanmar limits foreign hires in banks in troubled financial sector
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

Krung Thep Mahanakhon , Suu Kyi , Myanmar Yoma Bank , Yoma Strategic Holdings , Yoma Bank , Aung San Suu Kyi , Win Thaw , Southeast Asia , First Myanmar Investment , Singapore Listed Myanmar Focused , ஶ்யூயூ கீ , மியான்மர் யோமா வங்கி , யோமா மூலோபாய ஹோல்டிங்ஸ் , யோமா வங்கி , ஆங் சான் ஶ்யூயூ கீ , தென்கிழக்கு ஆசியா , முதல் மியான்மர் முதலீடு ,

Myanmar military stages coup; Suu Kyi urges nation to resist


Myanmar military stages coup; Suu Kyi urges nation to resist
Philip J. Heijmans and Max Zimmerman, Bloomberg News
Myanmar Crisis a Negative For Investor Sentiment in Near Term, Asia Frontier Capital s Desai Says
VIDEO SIGN OUT
Myanmar’s military detained Aung San Suu Kyi, declared a state of emergency for a year and voided her party’s landslide November election victory in a setback for the country’s nascent democracy.
Army chief Min Aung Hlaing’s office said he took the action in response to alleged voter fraud and the military would hold a “free and fair general election” after the emergency is over. An order by acting President Myint Swe, a former general aligned with the army, granted full authority to the army chief to run the country, saying it was necessary to act before new parliament sessions began this week. ....

Aung Hlaing , United States , Yo Ma , Australian Capital Territory , Myint Swe , Donald Trump , Barack Obama , Thein Sein , Wunna Maung Lwin , Hunter Marston , Min Aung Hlaing , Joe Biden , Win Shein , Graeme Smith , Marc Garneau , Muslim Rohingya , Suu Kyi , Tech Co , International Monetary Fund , Australian National University Department Of Pacific Affairs , First Myanmar Investment Co , Yangon Stock Exchange , United Nations , Canada Foreign Affairs , European Union , China Rare Earth Holdings Ltd ,

Myanmar Military Takes Power for One Year, Suu Kyi in Detention


Myanmar Military Takes Power for One Year, Suu Kyi in Detention
Bloomberg
2/1/2021
Khine Lin Kyaw and Philip J. Heijmans
© Getty Images via Bloomberg
Myanmar s State Counsellor Aung San Suu Kyi looks on as health workers receive a vaccine for the Covid-19 coronavirus at a hospital in Naypyidaw on January 27, 2021.
(Bloomberg) Myanmar’s military detained Aung San Suu Kyi, declared a state of emergency for a year and voided her party’s landslide November election victory in a setback for the country’s nascent democracy.
Army chief Min Aung Hlaing’s office said he took the action in response to alleged voter fraud and the military would hold a “free and fair general election” after the emergency is over. An order by acting President Myint Swe, a former general aligned with the army, granted full authority to the army chief to run the country, saying it was necessary to act before new parliament sessions began this week. ....

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