Tag
Myanmar economy
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.
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
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
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
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
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
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
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
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
By Seng Pan and Tsa Shee Nrang
Fourteen months on from the military takeover, many ordinary people are struggling to pay for basic necessities.