MYANMAR: Currently, difficulty withdrawing cash from banks, withdrawing cash by paying a certain percentage to brokers, and cash shortages are a tremendous challenge to Myanmar. Until now, we have had problems with withdrawing cash from banks. The Central Bank also issued restrictions such as a withdrawal of Ks 20 million only for companies and Ks […]
Read MoreMyanmar’s economy is expected to shrink by 18% in 2021, the World Bank said on Monday, as a result of massive unrest following a military coup and a resurgent coronavirus outbreak. The country has been in turmoil since the military took power in February and launched a bloody crackdown on dissent that has killed more […]
Read MoreCambodian rice exporters are likely to benefit as the market share of top exporters India, Thailand, Viet Nam, Pakistan and the United States declines over the next 10 years. The projection appears in the annual agricultural outlook by the Organisation for Economic Cooperation and Development (OECD) — a club of rich countries — and the […]
Read MoreExports to Myanmar are forecast to fall by 60-96.5 billion baht this year because of Myanmar’s political chaos, according to the latest study by the University of the Thai Chamber of Commerce (UTCC). Aat Pisanwanich, director of the Center for International Trade Studies at the UTCC, said the study on the Myanmar coup’s impact on […]
Read MoreMyanmar’s banking system has nearly collapsed following the Feb. 1 military coup, with the country’s Central Bank and private banks seeing fewer deposits made and more money being taken out in withdrawals, RFA reported. The Central Bank has also had trouble disbursing enough funds to private banks to cover amounts being withdrawn for account-holders’ daily […]
Read MoreThe crisis in Myanmar has proven beneficial for Kampong Speu as at least 20 entities have relocated to this province. The governor of Kampong Speu, Vy Samnang said that the 20 companies have relocated from Myanmar and have been looking for various investment opportunities. Some companies, he said, have decided to lease land while others […]
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