Myanmar Economic Monitor January 2022: Contending with Constraints
Myanmar’s economy and people continue to be severely tested by the ongoing impacts of the military coup and the surge in COVID-19 cases in 2021. Read More
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EXCLUSIVE Myanmar junta backs Telenor unit sale after buyer M1 pairs with local firm - sources
Lebanon's M1 Group will partner with a Myanmar firm to take over Norwegian telco Telenor's business in the Southeast Asian country after its military junta sought a local buyer, three sources familiar with the matter told Reuters. Read More
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PTTEP mulls Myanmar after partners pull out
PTT Exploration and Production Plc (PTTEP) plans to announce next month its move after the withdrawal of its partners -- Total Energies and Chevron Corp -- from the Yadana gas production project in Myanmar. Read More
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Myanmar renews plans to curb internet usage with VPN ban
Myanmar's military government is planning to outlaw the use of virtual private networks (VPN) under a proposed new cybersecurity law, Nikkei Asia has learned, in a move to reduce internet access and limit money going to pro-democracy groups. Read More
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Japan brewer Kirin to exit Myanmar, seek sale of two units
Japanese beverage maker Kirin Holdings (2503.T)will withdraw from its business in Myanmar and terminate its joint venture with a military-linked partner, it said on Monday. Read More
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Taiwan’s Evergreen Halts Use of Myanmar Junta-Linked Port
Taiwan shipping giant Evergreen Marine said on Thursday it would no longer send its ships to dock at a military-owned port terminal in Myanmar, as a growing number of companies cut ties with junta-linked businesses. Read More
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Myanmar Garment Sector Factsheet
EuroCham Myanmar has published the Garments’ Sector Factsheet to inform the stakeholders’ debate about the current and the future of the garments sector in the country. Read More
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Statement from the Republic of the Union of Myanmar Ministry of Information
Myanmar Government Approved USD3.82 Billion of Foreign Investments and USD 651 Million Equivalent of Domestic Investments in First Year of State Administration Council. Read More
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Global & Myanmar Business News
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Mixed emotions as EU revokes import tariffs on long grain Myanmar, Cambodian rice
With the EU rolling back import tariffs on long grain white rice from Myanmar and Cambodia, market participants expect a rise in shipments from Myanmar, although Cambodian exporters were heard skeptical due to continued high freight rates. Read More
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In Myanmar, the fate of major Indian projects hangs in balance
Uncertainty looms over two of the biggest Indian projects in Myanmar regarded as vital components of the Act East Policy aimed at forging closer ties with the Asia-Pacific. Read More
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Malyasian carrier AirAsia logistics unit Teleport invests in Indonesian trucking firm Kargo
Malaysian budget Airline AirAsia's logistics arm Teleport has invested in Indonesian trucking startup Kargo Technologies, Teleport said in a statement, confirming DealStreetAsia's report. Read More
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Global & Myanmar Logistics News
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'Maersk space ban means 'a dark future', maybe the end, for small forwarders
“Thousands” of small freight forwarders fear for their survival following Maersk’s decision to offer them only its Maersk Spot product. Read More
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How Russian invasion of Ukraine could impact ocean shipping
Ukraine is on a knife’s edge. Russian troops are amassed at its border. The U.S., EU and U.K. warn of severe consequences if Russia attacks, which the U.S. believes could happen at any moment. Read More
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Maersk CEO sees more supply chain trouble ahead
Maersk has a front-row seat to global supply chains. It says more trouble is ahead. Read More
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Border delays turn export outlook sour for watermelon
Watermelons have been one of Myanmar’s most lucrative cash crops, but this year frustrated fruit merchants have been dumping mounds of decaying fruit by the side of the road near the Chinese border. Read More
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Myanmar Faces COVID-19 Spike as Junta Prepares Ceremonies
Myanmar faces its sharpest spike in COVID-19 infections since December last year with more than 1,000 new cases reported as the junta has failed to prevent the spread of the virus. Read More
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Omicron wave threatens to overwhelm Myanmar’s health system
Although Omicron is thought to be less severe than Delta, public health experts warn Myanmar could still face a deadly fourth wave due to low vaccination rates, a reliance on less effective Chinese-made vaccines, and a weak public health system. Read More
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Timeline alignment and correct documentation is key to ensuring import and export customs clearance files run efficiently and smoothly in Myanmar. Read More
Merry Christmas to you all!
Have a wonderful, magical and glorious holiday season! Read More
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USD-MMK FX Rate
15/01/2022 - 1,778.0
15/02/2022 - 1,778.0
Source: https://forex.cbm.gov.mm/index.php/fxrate
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Premium Diesel Yangon
15/01/2022 - 1,510 MMK
15/02/2022 - 1,566 MMK
Source: https://maxenergy.com.mm/#pricelist
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Karzo manages the largest truck fleet in Myanmar providing goods transportation, logistics, cross-border imports and exports, and warehousing for corporate businesses moving cargo anywhere in the country.
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