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 and the World Bank slashes growth forecasts

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

New fish economic zone floated

The government of Tanintharyi has proposed a new economic zone specifically for the region’s fish and seafood industry. The proposal, officially submitted to the Myanmar Investment Commission, calls for new jetties at the Thai border, a wholesa