NAY PYI TAW, MM, Mar 15, 2022 – (ACN Newswire) – The Myanmar Government has agreed to accept the Thai baht as an official currency for settling border trade starting this month. Thailand is the second country after China to permit its national currency to be exchangeable with the Myanmar kyat for border trade activities. […]
Read MoreMany parts of Myanmar are suffering worsening power cuts that are affecting water supplies and halting online classes, compounding the misery for residents following the economic turmoil since the military seized power last year. Photographs on social media showed people queuing for water from a tanker truck in several Yangon districts. “Every day I’m worried […]
Read MoreIn Yangon, the price of petrol has skyrocketed, making it difficult for taxi drivers to work. “I can’t drive my cab because the price of fuel is so high. It is not cost-effective for taxi drivers to drive their cabs. As a result, the car is currently parked. There are only compressed natural gas (CNG) […]
Read MoreMyanmar, as a developing country, previously had low wages but since the coup wages have dropped even further and jobs are becoming increasingly scarce. The military is no longer able to properly administer the country and commodity prices are rising on all fronts. People are facing imbalances between income and expenditure. After the military coup, […]
Read MoreMANILA, PHILIPPINES (AP) – The Philippines has followed New Zealand’s decision to reject the inclusion of Myanmar in the world’s largest free trade pact as international opposition to the military takeover that sparked violence and democratic setbacks in the Southeast Asian nation broadened into trade and diplomatic sanctions. Foreign Secretary Teodoro Locsin Jr told his […]
Read MoreYANGON (CNA) – Investors flocked to Myanmar after the military relaxed its iron grip in 2011, paving the way for democratic reforms and economic liberalisation in the country of over 50 million people. But human rights groups have pressed foreign companies to rethink their activities in Myanmar following the February 2021 coup and a subsequent […]
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