Chinese President Xi Jinping is expected to sign two agreements giving Kyaukphyu Special Economic Zone (SEZ) in Rakhine State the green light during his planned visit to Myanmar late next week, deputy commerce minister U Aung Htoo said Thursday. “There are seven agreements under the Framework Agreement for Kyaukphyu. Two will be signed,” he told […]
Read MoreTwo private banks, Ayeyarwady Bank (AYA Bank) in Myanmar and Thailand’s Siam Commercial Bank (SCB) have signed a memorandum of understanding (MOU) to collaborate in the development of cross border payments and fund transfer services between the two countries. This cements an October 2019 agreement between the Central Bank of Myanmar and the Bank of […]
Read MoreThe release of new K1000 bank notes bearing the portrait of Bogyoke Aung San on January 7 is not expected to impact inflation, economists and banking experts said in response to market concerns. When the Central Bank circulates new notes into the economy, it will retrieve the equivalent amount of old notes to avoid inflation, […]
Read MoreOil prices have spiked by more than 6 percent since the US killed top Iranian military commander Qasem Soleimani in a drone strike ordered by President Donald Trump on January 3. Prices in Asia climbed to almost US$65 a barrel for the first time in four months on Monday amid fears that the US airstrike […]
Read MoreThe Myanmar economy is forecast to remain at 6.5 percent in fiscal 2019-20, with four factors foreseen to limit the country’s potential, according to a recent analysis by a British research firm. In a report released last week, Fitch Solutions Macro Research, a unit of the UK Fitch Group, said “poor credit flow to small […]
Read MoreIndustry watchers are expecting the wider presence of foreign supermarkets and retail malls in Myanmar in the coming year. “The market has been developing quickly. So, I think that within the next one or two years the wholesale and retail market landscape will expand,’’ said U Myo Htwe, Managing Director of Pro 1 Global Company, […]
Read More
Thailand
