Myanmar will reopen land border crossings with China and Thailand next month ahead of a planned resumption of international air travel by 1Q2022. The decision comes as vaccination rates have improved significantly amid clear signs of economic recovery from the Covid-19 pandemic, according to a statement by the Ministry of Information. Maung Maung Ohn, minister […]
Read MoreMyanmar jade traders are running from junta troops and dodging rebel attacks to sell dwindling volumes of the green gemstone, as the billion-dollar industry loses its shine months on from the coup. The Southeast Asian country has been mired in chaos since the February putsch, with the military trying to crush widespread democracy protests and […]
Read MorePlans to reopen Cambodia, Vietnam, Thailand and Myanmar to tourists, along with a new China-Laos high speed rail link are reviving talk of a Mekong travel bubble. Thailand has already welcomed foreigners to sandbox islands such as Phuket and Koh Samui and will open the country to fully vaccinated visitors from at least 10 nations […]
Read MoreMyanmar is finalising procedures for reopening its tourism sector to foreigners early next year and will initially target visitors from Southeast Asia, according to Union Minister for Hotels and Tourism Htay Aung. The effort comes as new Covid-19 infections decelerate in the nation of 55 million, which has prompted the lifting of a ban on […]
Read MoreYANGON (BLOOMBERG) – Myanmar is battling a plunging local currency amid an unprecedented United States dollar shortage, driving up the cost of imports and worsening the economy’s struggle with dual challenges of the pandemic and post-coup financial isolation. The kyat has tumbled about 50 per cent since the military seized power in February which triggered a freeze on […]
Read MoreMyanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money exchanges closed on Wednesday due to the turmoil, while the kyat’s dive trended on social media […]
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