Myanmar’s central bank has ordered companies with up to 35% foreign ownership to convert foreign exchange into the local currency, state media reported on Monday, extending a rule aimed at relieving pressure on the kyat to include more businesses. In April, the central bank exempted foreign entities from the new policy after the rule had […]
Read More(Bloomberg) — Myanmar has set a goal of doubling rice exports in three years’ time by focusing on higher-quality varieties, according to the president of the nation’s rice federation. The country plans to ship as much as 4 million tons annually by 2025 from around 2 million tons now, amid demand from China, Europe and […]
Read MorePetroVietnam Coating JSC, a member of PetroVietnam Gas JSC, has won a contract to coat a 14-inch, 9.5km-long marine pipeline using anti-corrosion method and reinforced concrete as part of a mining project run by Thailand’s PTTEP Group in Myanmar. According to the firm, the project will be implemented in the third quarter of 2022. PVCoating […]
Read MoreCambodia has become the next popular destination for China’s processing trade business after Vietnam. As China battled a wave of Covid-19 flare-ups over the past few months with strict control measures, the widespread disruption of business operations fueled concerns over an accelerating exodus of manufacturing. From October 2021 to March 2022, China lost around 5% […]
Read MoreBANGKOK — Myanmar has stepped up import controls by banning imports of cars and other nonessential goods as the country struggles with a severe foreign-currency shortage caused by declines in investment and assistance from overseas. Myanmar athletes who competed in the Southeast Asian Games in Vietnam last month were surprised by an unusual announcement last […]
Read MoreYANGON (XINHUA) – Myanmar will resume accepting tourist e-visa applications starting on Sunday (May 15), more than two years after the country suspended all new e-visa applications due to the Covid-19 pandemic. “Our Online e-Visa service will resume with effect from May 15, 2022, for tourist visa applications,” the Immigration and Population Ministry said on […]
Read More
Thailand
