Myanmar’s army seized power on Monday this week, detaining Nobel Peace Prize winner Aung San Suu Kyi and cutting short a transition to democracy in a takeover that has drawn condemnation from the United Nations, the United States and other Western countries. UN chief Antonio Guterres warned the world must rally to ensure the military […]
Read MoreMyanmar banks in the commercial hub of Yangon reopened on Tuesday after halting financial services a day earlier due to poor internet connections after the military seized power in the country, a Reuters witness said. The Myanmar bankers association had issued a statement on Monday saying it would allow members to reopen from Tuesday. Source: https://www.bangkokpost.com/business/2061271/myanmar-banks-reopen-after-closing-amid-military-coup
Read MoreThe coup in Myanmar is expected to dampen the already tepid interest of US and Western companies in investing in Myanmar, and may prompt some big US companies to pull out, trade experts and analysts said on Monday. Total trade in goods between Myanmar and the United States amounted to nearly US$1.3 billion in the first 11 […]
Read MoreThailand is estimated to forego about 50 million baht a day from inconvenient transportation of goods and strict security checks by Myanmar’s military administration. According to Aat Pisanwanich, director of the Center for International Trade Studies at the University of the Thai Chamber of Commerce, the impact would be protracted to more than 1.5-2 billion […]
Read MoreYANGON: All Myanmar banks were closed nationwide on Monday following a military coup, declaration of a state of emergency and the detention of de facto civilian leader Aung San Suu Kyi. “All member banks of Myanmar Banks Association are to close their bank unanimously starting from February 1,” according to an announcement by the association, […]
Read MoreMyanmar Investment Commission on its 1/2021 meeting approved 14 new investment proposals worth $295.279 million, estimated to create 4,371 jobs for local people. The investments including four investment expansions from existing ones are made in the solar power sector, livestock breeding sector, housing development sector, and service sector. The approved investments include four 40-megawatt solar […]
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