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Myanmar economy

Myanmar’s Bleak Economic Prospects Detailed in World Bank Report

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

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

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

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

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

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

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

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

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

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

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

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.

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