Biggest shipping company in the world pulls out of military-operated ports

Biggest shipping company in the world pulls out of military-operated ports

Danish integrated shipping company, active in ocean and inland freight transportation and associated services, Maersk, has announced last week that it will stop using military-owned ports in Myanmar before the end of the month. The statement was repo

Border trade with China picking up

Border trade between China and Myanmar, hit hard by the COVID-19 outbreak, appears to be picking up. Trade along the Myanmar-China border had plummeted as China closed border crossings and internal trade routes in an attempt to slow the spread of COV
Myanmar to open up Yangon stock exchange to foreign investments

Yangon Stock Exchange gains new company

A sixth company will soon be traded on the Yangon Stock Exchange (YSX). Logistics firm Every Flow River Group Public Co (EFR) will join the bourse on March 20th, with its initial share price reveled on March 19. EFR will begin trading at a high point

Myanmar quarantines 22 as coronavirus hits economy

The Ministry of Health and Sports has quarantined 22 people who have been in contact with a South Korean woman who tested positive for the COVID-19 coronavirus. The woman was diagnosed with the disease in South Korea after having travelled to Malaysi

Vietnam trade office warns exporters to Myanmar

Potential exporters should beware of Myanmar, the Vietnam Trade Office in Myanmar has warned. In a recent statement, it urged those enticed by Myanmar’s demand for imported goods to be careful of what it characterized as inefficient, unreliable

KBZ Bank sues Yangon port for USD 220 million

KBZ Bank has filed suit against the owner of Myanmar Industrial Port over what could be the largest loan default in Myanmar history. KBZ is suing tycoon U Ko Ko Htoo and his company for unpaid debt totaling more than USD 220 million, reported Frontie