South Korean lenders KB Kookmin Bank and Industrial Bank of Korea both say they expect to be approved to offer full banking services in Myanmar soon.
Under the NLD government, inflation has rebounded after an initial fall, while prices have risen steadily. The Irrawaddy’s infographics illustrate key data since 2016.
The two countries have signed a deal to support bilateral trade and investment, setting Singapore up to secure its status as Myanmar’s biggest investor.
On this day in 1968, communist and rebel leader Thakhin Than Tun was betrayed and killed by a comrade after 20 years fighting the Myanmar government.
This week, The Irrawaddy takes the pulse of Myanmar’s democracy, religious freedom and the military’s role in it all, with analyst U Maung Maung Soe and columnist Ko Wa.
China is screening pro-Chinese movies along the route of the proposed oil and gas pipelines to Kyaukphyu in Rakhine State.
Minister U Kyaw Tin says Myanmar, China will undertake their first joint boundary inspection in 24 years; aerial photography to begin in January.
Chinese industrial output growth weakens, dragging down Asian markets; safe-haven assets including gold and yen rise.
Business leaders pledged to invest in key industries to calm unstable markets and political unrest, including real estate an tourism, though nothing has been inked yet.
Last month’s attacks on northeast Myanmar’s Muse highway have pushed up transport prices, leaving consumers to pay the price.
Foreign direct investment in the country has increased sharply this year, but concerns over infrastructure, unclear procedures and the Rakhine issue remain.
Two of the five directors of the company to develop New Yangon City, which involves a corruption-tinted Chinese company, have been replaced.
Though U Soe Thein’s resignation letter is reportedly being sent to Myanmar’s President’s Office, speculation remains as to whether the president will accept it or not.
If current trends persist, it could become the world’s biggest killer in just a few decades, researchers said on Tuesday.
Though the United States is Japan's most important ally, Tokyo has fostered economic ties with Iran, who they’d been major buyers of oil from before recent US sanctions.