Indian officials’ visit ends in new deals
An official visit by India’s foreign secretary Harsh Vardhan Shringla and army chief Manoj Mukund Naravane has yielded several high-value agreements or proposed agreements, including finalizing the launch of a new port in Rakhine State and a pr
Foreign insurers have pumped USD 127 million into Myanmar
A new rule allowing foreign insurers to operate in Myanmar has resulted in over USD 127 million in foreign direct investment (FDI), according to a report by the Myanmar Investment Commission (MIC). The Ministry of Planning, Finance and Industry began
China border trade passes USD 1 billion in first month
The Ministry of Commerce says border trade between Myanmar and China passed the USD 1 billion mark in the first month of the 2019-2020 fiscal year. The booming trade comes despite a surge in violence along key trade routes and highlights Myanmar̵
Agreement backs both baht and kyat for border trade
Thailand and Myanmar signed a memorandum of understanding (MOU) supporting the use of both nations’ currencies for border trade. The October 21 announcement came just nine days before the opening of the second Thai-Myanmar Friendship Bridge, wh
Second Thai-Myanmar Friendship Bridge opens October 30
A second bridge across the Moei River will soon link Thailand and Myanmar. The Second Friendship Bridge, which will link Myawaddy with the border town of Mae Sot, Thailand, aims to boost cross-border freight and personnel traffic. The ribbon-cutting
