Traders report huge losses while the regime is being deprived of up to half a million dollars in tax revenue per day.
The junta’s central bank chief said by joining CIPS, the bank would make Myanmar less dependent on US dollars in international transactions—a key goal of the regime.
Companies close to junta boss spared as businessmen from nine edible-oil companies detained for alleged breach of trust.
China's ambassador to Myanmar has held talks with the junta about "eight major steps" mentioned by President Xi Jinping.
Natural disasters, escalating conflict and economic mismanagement are driving up domestic prices, curbing exports and leaving indebted farmers with no seeds for next year.
The junta is hoping to address its foreign currency crisis by attracting international investors to the event in Naypyitaw.
Importers fear radical restrictions on shipments as the regime struggles to boost production for exports.
Newly appointed minister continues scrambling for investment into what was—before the coup—one of the most attractive industries for foreign investors.
The Irrawaddy’s Investigative Desk looks at the key roles played by the children of the late Aung Thaung in the current regime and its allied businesses.
Frequent policy changes, red tape, and checkpoints saw the value of trade with Thailand plummet by over a third in the first five months of this year.
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