Thailand’s cabinet has agreed to allow 500,000 foreign workers from Laos, Cambodia, Myanmar, and Vietnam to stay until the end of the month, to sort out their work permits to legally work and live in the country. Traisuree Taisaranakul, the Deputy government spokeswoman, said on Thursday that the agreement was reached on 4 June, following an amnesty program […]
Read MoreROLLING power cuts and the Myanmar junta’s restrictions on businesses and foreign exchange are hampering the country’s economy, the World Bank said on Tuesday (Jun 27). The South-east Asian nation has been in turmoil since the military ousted democratically elected civilian leader Aung San Suu Kyi from office in a 2021 coup. Fighting between the […]
Read MoreMyanmar’s military government has been cracking down on the unofficial foreign exchange market to prevent further depreciation of Myanmar Kyat (MMK). But amidst all interventions, observers worry that a third, parallel market exchange rate may emerge. After the vicious coup d’état by Myanmar’s military in 2021, the junta government decided to set a fixed exchange […]
Read MoreEarly May, Adani Ports and Special Economic Zone (APSEZ) had said that it had concluded the Myanmar Port sale for a consideration $30 million Myanmar Commerce Minister, Aung Naing Oo, expressed hope on Monday that negotiations for the Indian rupee – Myanmar kyat payment system for trade settlement would be finalised by the end of […]
Read MoreYANGON/BANGKOK — Pressure from investors concerned about environmental, social and corporate governance (ESG) issues, coupled with U.S. and European Union sanctions, is encouraging international companies to pull their cash out of Myanmar. Indian conglomerate Adani Group announced the sale of a port project underway in Myanmar for just $30 million after critics said money from […]
Read MoreThe Ministry of Economy and Commerce under the Military Council issued an announcement saying that it will allow the export of diamond jewelry to foreign countries. Previously the ministry banned the export of both polished diamonds and diamond jewelry but now they are allowing the export of diamond jewelry. In this new announcement, the ministry […]
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Thailand
