Tag
Myanmar economy
Myanmar’s Junta Is Also Losing on the Supermarket Shelves
By Luke Hunt
International financial institutions say the country's economy is stagnating. In reality, it is going backwards.
Myanmar Growth to Remain Stagnant As Conflict, Displacement Spreads
By Sebastian Strangio
The World Bank predicts the country's economy to grow by 1 percent this fiscal year, but even that seems optimistic in the current circumstances.
Myanmar Junta Launches Crackdown on Gold, Currency Traders
By Sebastian Strangio
The massive gap between the black market and official rates for the kyat has created lucrative opportunities for arbitrage.
Myanmar’s Intensifying Conflict Taking Massive Rights Toll: UN
By Edith M. Lederer
According to the global body, 18.6 million people in Myanmar will need humanitarian assistance in 2024 – a nineteen-fold increase since the 2021 coup.
Myanmar’s Bleak Economic Prospects Detailed in World Bank Report
By Luke Hunt
Economy deteriorates further as fighting escalates, blocking trade routes with China and other neighboring countries.
Myanmar Now the World’s Leading Producer of Opium, UN Says
By Sebastian Strangio
Nearly three years after the military's seizure of power, opium production has become more widespread and productive.
A New Myanmar Needs a New (Crypto) Currency
By James Song and Maung Zarni
Despite a string of recent cryptocurrency scandals, the country's resistance forces have a lot to gain from pushing toward fintech's frontiers.
How an ‘Unlikely Prisoner’ Survived 650 Days in Myanmar’s Jails
By Sebastian Strangio
"The difference to the past," says economist Sean Turnell, "is that this junta does not seem to even pretend anymore that it has any sort of vision for Myanmar."
Myanmar Junta Threatens to Punish Those Holding Foreign Currency
By Sebastian Strangio
The policy is an attempt to arrest the slide in the kyat, which has depreciated sharply since the 2021 coup.
Military Coup Has Inflicted ‘Permanent’ Damage on Myanmar, World Bank Says
By Sebastian Strangio
In its latest Myanmar Economic Monitor, the Bank predicted that the country will not return to pre-COVID-19 economic levels until at least 2027.
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
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.
Page 1 of 6