US rate hike puts spotlight on importers

The US Federal Reserve raised interest rates for the first time since 2006 yesterday – an event long-feared by developing economies. Myanmar is better protected from the potential fallout than many, although the country’s reliance on imports leaves it exposed to a strengthening dollar. The Federal Reserve increased the Federal Funds rate – the rate […]

Sanctions fears choke nascent U.S. trade with Myanmar via Asia World Port

Western banks are cutting trade finance in Myanmar after learning that part of the country’s main port is controlled by a man blacklisted by Washington, threatening to stop nascent U.S. economic ties with the Southeast Asian nation in their tracks. U.S. shipments to Myanmar have slowed to a crawl in recent months, after several banks […]