Category: Highlights

Thai SCB granted license to setup local bank in Myanmar

The Bangkok Post reported that Siam Commercial Bank (SCB), Thailand’s fourth-largest commercial lender by assets, has set up a bank in Myanmar. It received a subsidiary business licence from the Central Bank of Myanmar, aiming to expand via off

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Fishery exports surge by over 17% this FY

Myanmar’s fiscal year ended on September 30th and some sectors have performed better than others. When it comes to trade, fishery exports is one of them. The Ministry of Commerce said that export earnings from the fisheries sector during the pe

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Myanmar Investment Promotion Plan (MIPP) under review

The Myanmar Investment Commission (MIC) along with the Japan International Cooperation Agency (JICA) will jointly review the MIPP, affected by the coronavirus crisis, to boost the agricultural, health, industrial and digitization sectors for the post

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UK to contribute GBP 4.8 million towards strengthening national health systems in CLMV

During an open-ended Troika virtual meeting between ASEAN foreign ministers and UK’s Foreign Secretary Dominic Raab, held virtually on September 30th, the UK committed to contribute GBP 4.8 million (USD 6.15 million) towards strengthening natio

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Myanmar’s Manufacturing PMI plunges to record lows in September

Early August’s optimism has been replaced with a September gloomy pessimism. The IHS Markit Myanmar Manufacturing PMI plunged to 35.9 in September 2020 from August’s 15 month high of 53.2 said the consulting company.It went on saying the

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Thailand and Myanmar resume cross-border goods transport

After almost 2 weeks with trade halted between Thailand and Myanmar, both countries have managed to reach an agreement and resume trade on September 30th. Myanmar has accepted Thailand’s proposal to resume goods transportation under the condition t

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