Traders say latest move to stem dollar outflows heaps more pressure on country’s import-export sector.
Investors are shunning the junta-ruled country due to conflict, financial mismanagement and crumbling infrastructure, experts say.
The Irrawaddy has investigated 20 firms that helped fund Monday's parade in Naypyitaw.
Economists predict low growth and high inflation for Myanmar this year. The Irrawaddy looks at the key forecasts for 2023 in a series of infographics.
The global financial body has predicted that deepening conflict, unnecessary regime regulations and international problems could prevent economic recovery.
The activist group Justice For Myanmar says foreign governments need to target Innwa and other regime assets or risk complicity in its atrocities.
The Irrawaddy assesses the legacy of four National League for Democracy economic figures who helped stabilize finances after decades of military mismanagement.
It is unclear why officials questioned Daw Nang Lang Kham, Kanbawza Bank deputy CEO and daughter of junta-linked tycoon U Aung Ko Win; the junta later apologized.
State-owned PTTEP will take control of operations from July 20; the field accounts for roughly half of Myanmar's gas demand and 11 percent of Thailand's.
Fewer than 7 percent of Japanese companies doing business in the country plan to leave despite the turmoil caused by last year’s military coup, a survey shows.
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