Blanket sanctions possible, but not likely
The U.S., E.U. and other Western powers will almost certainly take action in response to this week’s military takeover, and a repeat of the harsh, blanket sanctions of the 90s and 00s would devastate Myanmar’s economy. Yet there are key d
Bangladesh in talks to buy 100k tonnes of rice
Bangladesh has returned to stalled negotiations to import 100,000 tonnes of rice from Myanmar, according to the Myanmar Rice Federation. Bangladesh had first opened negotiations for the 2017-2018 fiscal year, but the deal fell through when that count
As India ups partnership, its investors lag
This week’s donation of 1.5 million COVID-19 vaccines from India punctuated a year of effort to form partnerships and increase investments in Myanmar. However, total foreign investment from India has plunged. India’s Business Standard thi
IMF predicts only 0.5% growth in FY 2020/21
The International Monetary Fund has revised its growth forecast to a scant 0.5% for the fiscal year. This is down from an estimated 3.2% growth for the previous fiscal year, which itself was only around half of pre-pandemic expectations. “While
USD 370 million textile zone planned for Sagaing
Sagaing Region will soon receive Myanmar’s first textile-based industrial zone. Myanmar’s Eastern Development International and Chinese partner Dongzhan Textile Group will lead the USD 371 million project. It will include manufacturing f
