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Bank of Thailand pushes CLMV transfers

The Bank of Thailand has initiated a cross-border fund transfer with Cambodia, Laos, Myanmar and Vietnam (CLMV) by scanning QR codes in a move to facilitate deeper integration in the region. The money transfer service will help lower fund transfer costs in the region, particularly CLMV migrant workers in Thailand who are now charged 10% of […]

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Midterm report card: Myanmar’s economy is not working

As the National League for Democracy-led government is half-way through its five-year term, the empty hotel rooms, plight of small businesses and falling investor confidence paint a bleak economic picture. In another 2.5 years’ time, many voters will be asking what the first NLD-led administration has delivered. The current numbers are hardly encouraging. Between April and […]

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