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Myanmar’s Military Intervention Sparks Fear of Third Forex Rate

Myanmar’s military government has been cracking down on the unofficial foreign exchange market to prevent further depreciation of Myanmar Kyat (MMK). But amidst all interventions, observers worry that a third, parallel market exchange rate may emerge. After the vicious coup d’état by Myanmar’s military in 2021, the junta government decided to set a fixed exchange […]

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Investors push foreign investors to rethink Myanmar projects

YANGON/BANGKOK — Pressure from investors concerned about environmental, social and corporate governance (ESG) issues, coupled with U.S. and European Union sanctions, is encouraging international companies to pull their cash out of Myanmar. Indian conglomerate Adani Group announced the sale of a port project underway in Myanmar for just $30 million after critics said money from […]

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Myanmar diamond jewelry export allowed

The Ministry of Economy and Commerce under the Military Council issued an announcement saying that it will allow the export of diamond jewelry to foreign countries. Previously the ministry banned the export of both polished diamonds and diamond jewelry but now they are allowing the export of diamond jewelry. In this new announcement, the ministry […]

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