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January 2023
Karzo welcomes you to our January Business and Logistics Newsletter. Myanmar’s Central Bank say it is standing firm on the kyat’s FX rate with no plans for further bank note issuance. FX regulatory constraints, COVID-19 and conflict continue to hinder border trade. CMA CGM subsidiary CNC Line has announced its intention to launch a Sihanoukville-Yangon shipping route. Myanmar-centric stories around the energy sector arise as its neighbors eye up new opportunities. Shipping lines remain mixed on whether we should expect calm or rough seas in 2023, whilst eLogistics innovators look to smooth out fragmented B2B supply chains across developing markets.

Articles relating to the above and more can be read below.
Myanmar Local News
Myanmar central bank announce no plans to change currency rate and issue new notes
The Central Bank of Myanmar has announced that there are no plans to change the reference foreign exchange rate and there are no plans to issue any new banknotes. Read More
Global & Myanmar Business News
CNC Line launching Myanmar – Cambodia service
The Yangon Cambodia Express (YCX) will connect both Myanmar and Cambodia into CNC’s parent CMA CGM’s linehaul network in Singapore and Port Klang, Malaysia. Read More
e-Conomy SEA 2022
E-conomy SEA is a multi-year research programme launched by Google and Temasek in 2016. Read More
S&P Global Myanmar Manufacturing PMI™
According to the latest PMI™ data, operating conditions across Myanmar further deteriorated during December. Read More
Singapore company starts oil drilling in Myanmar
Interra has a 60% interest in the Improved Petroleum Recovery Contract of the Chauk field and also owns 60% of Goldpetrol which is the operator of the field. Read More
Can ‘Rice Diplomacy’ Really Pacify Myanmar-Bangladesh Relations?
It is heard the term ‘Myanmar-Bangladesh rice diplomacy recently through media platforms. Read More
India eyes power transmission link with Thailand via Myanmar
India and Myanmar are in talks to upgrade their power transmission connectivity which may be extended further to Thailand, two officials aware of the matter said, as part of India’s larger plan to interconnect the national power grids of various south Asian countries. Read More
Global & Myanmar Logistics News
Maersk appoints new CEO to steer shipping firm through 'turbulence' to come
A.P. Moller-Maersk (MAERSKb.CO) said on Monday it had appointed company veteran Vincent Clerc as its new chief executive to lead the shipping giant through a period of slowing container demand. Read More
China’s Myanmar Kyaukpyu Port sits uncomfortably close to the Indian Nuclear Submarine base
China has a clear interest in the new Kyaukpyu (or Kyaukphyu) deep sea port in Myanmar that would provide a strategic foothold on the Indian Ocean and be connected overland to its underdeveloped southwestern areas. Read More
CMA CGM Sees Abrupt Return to Normal for Freight Rates
French shipping giant CMA CGM has reported yet another huge quarterly profit, but uncertain economic conditions, normalizing trade flows and a sharp decline in freight rates weigh on the company’s outlook for the sector. Read More
Wanding port, Yunnan, rapidly recovering in regained bustle
Africa’s e-Logistics platforms are expanding across the continent looking to streamline cross-border supply chains. Read More
How To Stabilize Global Supply Chains
Global supply chains are blocked, causing shortages of everything from chickpeas to computer chips. Read More
Cross border
Major Myanmar-China Border Crossing Partially Reopens
A Myanmar-China border crossing vital to trade has partially reopened, an official said Sunday, after years of a pandemic-prompted closure. Read More
Myanmar-Thailand Border Trade Almost at Halt as Junta Battles Karen Army
Ongoing fighting along the Asian Highway between Kawkareik and Myawaddy townships in Karen State has almost brought Myanmar’s border trade with Thailand to a complete halt, according to merchants and cargo truck drivers. Read More
Technology
African eLogistics Platforms Improve Fragmented Supply Chains for B2B Firms
Africa’s e-Logistics platforms are expanding across the continent looking to streamline cross-border supply chains. Read More
Karzo's Latest Updates!
Our job is to make our client's and supplier's job easier. Read More

Cocoon Capital's hosted its 9th Portfolio Day in-person in Singapore on Friday, 11 November 2022. Read More
USD-MMK FX Rate
30/12/2022 - 2,100.0
18/01/2023 - 2,100.0

Source: https://forex.cbm.gov.mm/index.php/fxrate
Premium Diesel Yangon
30/12/2022 - 2,445 MMK
18/01/2023 - 2,515 
MMK
Source: https://maxenergy.com.mm/#pricelist
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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