News Myanmar Debt: Deal signed to clear Myanmar debt, allow new loans
YANGON, Myanmar (AP) — The World Bank announced a long-awaited deal to allow Myanmar to clear part of its huge decades-old foreign debt, opening the door for new much-needed lending to jumpstart its ...
News Myanmar Debt: Japan canceling $3.58 billion in Myanmar debt
YANGON, Myanmar (AP) — Japan says it is canceling 326.3 billion yen ($3.58 billion) in debt owed by Myanmar to encourage reforms. Board vote dissolves defunded Corporation for Public Broadcasting ...
News Myanmar Debt: Extortion and abuse: Myanmar workers arrive debt-laden in Thailand
Migrant labour -- much of it from Myanmar -- has propped up Thailand's economy for years, with foreigners working everywhere from factories to fishing boats. Migrant labour -- much of it from Myanmar ...
News Myanmar Debt: Growing debt: Myanmar farmers suffer from dwindling bean market
Farmers in Ayeyarwady Region face mounting debts and threats to their livelihoods as black bean prices plummet due to a combination of decreased international demand and the junta’s mismanagement of the economy.
News Myanmar Debt: Sri Lanka succumbs to China’s debt-trap diplomacy: Report
Sri Lanka is now experiencing its greatest economic crisis since obtaining independence from the British in 1948. The slump is blamed on currency shortages caused by the travel ban imposed during the COVID-19 epidemic. This has resulted in the nation’s inability to purchase sufficient fuel, resulting in an extreme shortage of food and essential commodities such as heating fuel and gas.
News Myanmar Debt: News Briefs
Lawmaker: Biden suggests he’ll ease student loan debt
News Myanmar Debt: Myanmar: Aung San Suu Kyi sentenced to five years in corruption case
In the first verdict in several corruption cases leveled against her, Myanmar's ousted leader Aung San Suu Kyi was found guilty of corruption charges and sentenced to five years i ...
News Myanmar Debt: Myanmar GDP and Economic Data
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Myanmar economic outlook, debt to GDP ratio, international trade performance and population ...
News Myanmar Debt: Pay your power bill, or be ready to die: Soldiers threaten consumers
"One soldier pointed his gun at me and said, 'If money is more important than life, don't go pay the bill,'" she recalled. She was so terrified that she got goosebumps. She grabbed her money and ...
News Myanmar Debt: Pay Your Power Bill, Myanmar Soldiers Say, or Pay With Your Life
Facing a huge loss of revenue amid economic turmoil, the military has sent soldiers to act as debt collectors.
News Myanmar Debt: Junta turn soldiers into debt collectors
Millions of people also began refusing to pay for energy, an act of civil disobedience intended to deprive the junta of a vital source of money. Experts believe these attempts alone will not be enough ...
