Debts accumulated under Myanmar’s previous Union Solidarity and Development Party are now due, 2 years after the current National League for Democracy government came into power. Despite debt relief provided by Paris Club countries during former President Thein Sein’s USDP administration, Myanmar still owed US$8.98 billion in outstanding foreign debt as at 31 December 2016, […]
Read MoreDespite the decline in import flow from Thailand at the Myawaddy border trade camp, the return of Myanmar workers from Thailand last month has no significant impact on bilateral trade, assistant secretary of the Ministry of Commerce (MOC) U Khin Maung Lwin told The Myanmar Times. Myanmar migrant workers without documents have been returning to their […]
Read MoreAn inadequate legal framework, poor implementation process, absence of accountabilities and the lack of transparency lead to violations of human rights and environmental disruption in Myanmar’s Special Economic Zones, speakers at the Myanmar Special Economic Zones Forum highlighted. The event was held in Dawei township, Tanintharyi Region on July 11. Special Economic Zones (SEZ) have […]
Read MoreMyanmar must renegotiate the terms to its existing loans from China, as these loans have saddled the country with the burden of repaying the loans at high interest rates, economists say. Of the US$600 million in foreign debt repayments due from Myanmar this year, interest payments, mostly to China, make up about a third, data […]
Read MoreTrade volumes amounting to US$29 billion have been targeted for 2017-18, with US$14 billion from exports, and US$15 billion from imports, said U Khin Maung Lwin, assistant secretary from the Ministry of Commerce. Acknowledging that imports are expected to exceed exports for the year, U Khin Maung Lwin said more focus will be placed on […]
Read MoreThe purchasing power of major trade partners and production restructuring to keep up with demand are having larger effects on exports than the baht’s movement, says a senior official at the Bank of Thailand. Vachira Arromdee, assistant governor of the financial markets operations group, gave the example of the baht’s strength against the greenback between 2005 and […]
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