Foreign exchange certificate
Myanmar phases out dollar surrogate
Myanmar abolished its secondary currency, the Foreign Exchange Certificates (FEC), on March 20, 2013 as per an official announcement by the Finance Ministry.
FEC were...
Myanmar clears 60% of foreign debt
Myanmar on January 28 announced a deal with international lenders to cancel or refinance nearly $6 billion of its debt, almost 60 per cent...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...