Category: Highlights

Myanmar- ASEAN commercial trade holds on in H1 of 19-20 FY

If the trade with its Indian neighbor is down 40% (see this week’s highlight), Myanmar’s commercial exchanges with its ASEAN partners remain healthy. According to the latest reports from the Ministry of Commerce, the aggregated sea and la

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India-Myanmar border trade down 40% since start of FY

Following the closures of trade outposts by India due to the Covid-19 pandemic, the Myanmar-India border trade is down by over 40% for the current fiscal year started October 1st, 2019. From USD 128 million for the same period last FY, the trade valu

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Consortium presents Flood Hazard Model to YCDC

A consortium of partners led by Royal Haskoning DHV from the Netherlands and that includes HKV consultants, Joy Brothers Engineering and Water Bridge Myanmar, presented a Flood Hazard Model (FHM) to representatives of YCDC last week. Funded

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Central Bank of Myanmar (CBM) bans commercial banks from using digital currencies

In its most drastic move on the matter, the CBM has banned the use of digital currencies (such as Bitcoin, Litecoin, Ethereum, Perfect Money) and other currencies of a similar nature in the country. It stated that it doesn’t recognize digital curre

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Thailand-listed company set to acquire Myanmar microfinance business

The Bangkok Post reported this week that Thitikorn, listed on the Stock Exchange of Thailand as TK, is set to finalise the acquisition of a microfinance business in Myanmar next quarter, Myanmar Finance International Ltd (MFIL). TK, a leading motorcy

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Myanmar Strategic Holdings raises funds from Verlinvest, expands to Vietnam

Myanmar Strategic Holdings (MSH), a leading developer and operator of a portfolio of consumer-focused assets (hospitality, education and more recently security services), operating in Myanmar since its economy re-opened in 2013, has announced that it

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