Category: Highlights

Kirin suspends dividends from Myanmar joint venture

In a press release from Thursday November 11, Kirin Holdings Company Ltd, announced that all dividend payments from Myanmar Brewery Limited (MBL), and Mandalay Brewery Limited (MDL), to Kirin and its Myanmar-army affiliated partner Myanma Economic Ho

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World Bank Group backs Korean industrial complex

As we had reported back in July, a Korean-Myanmar Industrial Complex (KMIC) is set to be established in Hlegu Township in Yangon Region. Late last month, the Multilateral Investment Guarantee Agency (MIGA), member of the World Bank Group, said in a s

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Critical 37th ASEAN Summit to be held Nov. 11th-15th

The 37th summit of the Association of Southeast Asia Nations (ASEAN) and related meetings will be held via video link from November 11th to 15th. Currently headed by Vietnam, its Prime Minister Nguyen Xuan Phuc will chair the bi-annual event. The mee

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Myanmar’s manufacturing PMI hits second lowest on record

The latest IHS Markit Myanmar Manufacturing PMI plunged to 30.6 in October 2020 from 35.9 a month earlier. This was the second-lowest reading on record as the economic fallout from the COVID-19 crisis persisted, with the government putting many regio

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Central Bank purchases record amounts of USD

State-media reported that the Central Bank of Myanmar (CBM) purchased record amounts of USD currency in September and October 2020, respectively USD 44.2 and 43 million, to try and maintain the MMK exchange rate as steady as possible. “The instabil

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Stock trading on YSX sluggish

The volume of shares traded on the Yangon Stock Exchange (YSX) in October has sunk to its lowest value at MMK 673.5 million with 85,630 shares exchanged, YSX’s monthly report indicated. The government has been trying to boost participation in the Y

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