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Myanmar economy

Australia’s ANZ Bank Exits Myanmar Due to Post-Coup Turmoil
November 24, 2022

Australia’s ANZ Bank Exits Myanmar Due to Post-Coup Turmoil

By Sebastian Strangio
The bank, which was awarded a banking license in Myanmar in 2014, said it was withdrawing due to the country's "increasing operational complexity."

International Financial Watchdog Adds Myanmar to Blacklist
October 24, 2022

International Financial Watchdog Adds Myanmar to Blacklist

By Sebastian Strangio
The Financial Action Task Force said the move was a result of the country's persistent failures to combat money laundering and terrorist financing.
Fashion Brands Have Failed to Protect Workers in Military-Ruled Myanmar
August 05, 2022

Fashion Brands Have Failed to Protect Workers in Military-Ruled Myanmar

By Alysha Khambay
The military's seizure of power has created a climate in which even carrying out human rights due diligence is next to impossible.

Qatari Telecoms Firm Ooredoo Negotiating Exit From Myanmar: Report
July 21, 2022

Qatari Telecoms Firm Ooredoo Negotiating Exit From Myanmar: Report

By Sebastian Strangio
News that the Doha-based company is seeking to offload its Myanmar unit follows the exit of Norway’s Telenor earlier this year.

Military-Ruled Myanmar Facing Second Year of Negative Growth
July 20, 2022

Military-Ruled Myanmar Facing Second Year of Negative Growth

By Sebastian Strangio
The risk assessment group Fitch Solutions predicts that the country's lost economic output won't be recouped until 2028.

Amid Conflict, Travel Flickers Back to Life in Myanmar
June 16, 2022

Amid Conflict, Travel Flickers Back to Life in Myanmar

By Seng Pan and Tsa Shee Nrang
While international tourism may never fully recover, domestic travel is on the rise despite widespread insecurity.

Myanmar Central Bank Orders Government Agencies to Stop Using Foreign Currencies
May 27, 2022

Myanmar Central Bank Orders Government Agencies to Stop Using Foreign Currencies

By Sebastian Strangio
The move is designed to strengthen further the junta's control of foreign currency flows, amid Myanmar's full-spectrum economic crisis.
Myanmar’s Military Junta Tightens Control Over Foreign Currency Flows
April 05, 2022

Myanmar’s Military Junta Tightens Control Over Foreign Currency Flows

By Sebastian Strangio
Under new central bank rules, all local holders of foreign currency will have to convert them to Myanmar kyats.

Myanmar Financial Holdings and U.S.-Singapore Contention
April 05, 2022

Myanmar Financial Holdings and U.S.-Singapore Contention

By Drake Tien
Given its financial ties to Myanmar, Singapore's cooperation is vital if the world is to choke off the military junta's revenue streams.

Online Trade in Engandered Wildlife Booming in Myanmar Since Coup
April 01, 2022

Online Trade in Engandered Wildlife Booming in Myanmar Since Coup

By Sebastian Strangio
The World Wildlife Fund claims that illegal online transactions of endangered wildlife products rose 74 percent in 2021.

Blackouts and Fuel Price Surges Bite in Post-Coup Myanmar
March 28, 2022

Blackouts and Fuel Price Surges Bite in Post-Coup Myanmar

By Seng Pan and Tsa Shee Nrang
Fourteen months on from the military takeover, many ordinary people are struggling to pay for basic necessities.
Myanmar OKs Use of Thai Currency in Border Trade
March 16, 2022

Myanmar OKs Use of Thai Currency in Border Trade

By Elaine Kurtenbach
Seeking to limit Myanmar’s reliance on the U.S. dollar in trade, the military-led administration has agreed to accept Thai baht and plans a similar arrangement to accept Indian rupees.

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