[YANGON] Myanmar’s currency has lost more than 60 per cent of its value since the beginning of September in a collapse that has driven up food and fuel prices in an economy that has tanked since a military coup eight months ago. “This will rattle the generals as they are quite obsessed with the kyat […]
Read MoreThe Manipur government in India has decided to reopen the Indo-Myanmar border for the commencement of one-way trade, which indicates that imports from Myanmar will be totally restricted, northeasttoday reported.. The borders will be reopened for export of urgent COVID-19 related medical items to Myanmar as instructed by the Ministry of External Affairs, the report […]
Read MoreMyanmar businesses and consumers have been facing serious problems obtaining cash in the wake of the 1 February coup. Since the military takeover, the country has been crippled by a cash shortage with banks placing limits on ATM cash withdrawals and introducing token systems to restrict the number of customers making counter transactions. People queuing […]
Read MoreMyanmar’s ongoing political turmoil and a rapidly-rising third wave of COVID-19 cases are severely impacting an economy that had already been weakened by the pandemic in 2020, the World Bank said in a statement. According to the statement, the economy is expected to contract around 18 percent in Myanmar’s 2021 Fiscal Year (Oct 2020-Sep 2021), […]
Read MoreKANCHANABURI: The Phu Nam Rom border crossing in Muang district will reopen from Wednesday for transport of cargo between Thailand and Myanmar. Governor Jirakiat Phumsawat, chairman of the provincial communicable disease committee, issued an order on Tuesday to open the Phu Nam Ron checkpoint, opposite Myanmar’s Tiki checkpoint. He said the Covid-19 situation on the […]
Read MoreWith the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. That cooperation will help the region keep up with megatrends such as persistent geopolitical tension, fast changing technology and […]
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