The move came after Chinese investors urged the government to ease Myanmar's foreign currency exchange policies at a summit in Naypyitaw on Tuesday.
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17 February 2019
Yangon
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Myanmar Opens Major Investment Summit in Naypyitaw
2.5k
The country is showcasing more than $3 billion in projects over the two-day event to potential local and foreign investors in hopes of spurring economic growth.
120 Projects Worth $3B to Showcase at Invest Myanmar Summit 2019
3.9k
The summit to be held in Naypyitaw in late January will showcase $3 billion in potential investments and aims to attract eastern investors in particular.
Plans to Accept $79M French Loan Shelved
4.6k
Lawmakers voted against a proposal to accept the loan because of the lack of details on how the money would be spent and the growing burden of debt Myanmar is already under.
Myanmar's Economy to Slow 0.6 Percent, World Bank Says
4.4k
The bank said growth was expected to slow from 6.8 percent in 2017-18 to 6.2 percent in 2018-19 and face potential risks to recovery.
Credit Bureau to Be Up and Running Next Year
3.8k
Country’s first credit-rating firm signs software deal with Equifax
Central Bank Denies Huge Dollar Purchase Made to Benefit Local Banks
5.0k
Private lenders made billions of kyats on Dec. 4 thanks to intervention when dollar was low; vice governor says transaction was routine.
Ten Companies Shortlisted for Yangon Elevated Expressway Contract
4.7k
Four Chinese companies, consortiums between Myanmar, China, Japan and Thailand and French, Korean and Japanese companies are contenders for the first phase of the project.
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China Nov Factory Growth Stalls as Orders Shrink
3.1k
Growth in China's vast manufacturing sector stalled for the first time in over two years in November as new orders shrank, adding pressure on Beijing.
Villagers Support Dawei SEZ Resumption but Demand Fairness
3.9k
Details of huge industrial park and port project remain vague, NGOs say
Myanmar Shoppers Spend $90,000 in 1 Hour During Alibaba’s ‘11.11’ Online Sale
5.9k
Local affiliate SHOP.com says 1,500 orders placed in first hour, mostly via mobile phones
Laxer Rules of Foreign Banks to Spur Trade, Central Bank Says
4.1k
The Central Bank said its decision to let foreign banks operating in the country lend to domestic companies will help exporters finance their trade with the rest of the world.
Gov’t Inks Agreement with Chinese Firm to Develop Kyaukphyu SEZ
5.2k
Joint Myanmar-Chinese consortium will have concession rights to operate deep seaport in Rakhine as part of the project.
Labor Groups Implore Visiting EU Officials Not to Withdraw Trade Preferences
4.8k
Reforms are making progress but Brussels’ support still needed, union reps tell delegation probing rights abuses
KBZ Wins Financial Times Honor for Sixth Year Running
Myanmar’s Ambitious 20-Year Plan to Attract Foreign Investment
State Counselor Encourages Japanese Investment in Myanmar
Business Community Counters Gov’t Reasons for Kyat Depreciation
Business Community Counters Gov’t Reasons for Kyat Depreciation
Central Bank Drops Exchange Rate Limits
Saving Cultures in Karenni
Burma Signals for Foreign Investment