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International Companies Struggle to Get Dollars in Myanmar

Foreign companies in the country are grappling with an increasing shortage of U.S. dollars, with the military government’s unpredictable foreign currency regulations putting their business operations at risk. Foreign companies in Myanmar need US dollars to pay offshore vendors for the supply of raw materials and commodities. However, since the military seized control in February […]

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Myanmar makes $800m from April-July gas exports

Military-ruled Myanmar earned US$800 million from natural gas exports mainly to China and Thailand between April and July, the junta said in the state newspaper on Thursday. The country has been embroiled in chaos since the military overthrew an elected government in a coup early last year and the economy has all but collapsed. The […]

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Myanmar ready to import Russian oil

Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said, the latest developing country to do so amid a global energy crisis. The country has maintained friendly ties with Russia, even as both remain under sanctions from Western countries — Myanmar for the military coup that […]

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