Myanmar workers in Thailand victims of a broken system

MYAWADDY, Myanmar: With only meagre belongings stuffed into backpacks and duffel bags, tens of thousands of Myanmar migrants have streamed home across the Thai border over the past two weeks. But it is not a joyous homecoming for the truckloads of men and women, who fled Thailand in fear of a new law that hardens […]

Garment manufacturing: How to navigate Myanmar’s ethical maze

As it undergoes profound and rapid change, Myanmar is today emerging as one of Asia’s most sought-after hubs for fashion sourcing. The country’s opening-up to the global economy has come after decades of military rule, during which a long period of isolation and internal conflict was followed by an era of gradual disengagement from politics […]

Development banks supplement roads and bridges with digital finance

• Building roads and bridges is still important for World Bank’s IFC, but digitally linking people is rising in significance. • IFC has disbursed $205 million to date into 29 financial technology investments; creating over 4,800 jobs in three years. • Digitally connecting people through new services has created new economic and employment opportunities. Multilateral […]

World Bank has committed over $2b in Myanmar as of June

The World Bank is currently supporting 43 active projects in Myanmar, Cambodia and Laos, with commitments of over US$2.7 billion as of June, according to the World Bank’s press statement. Myanmar accounts for over half of the total commitment in the three countries. 13 projects and over $2 billion are in Myanmar, with the remaining […]

Myanmar, Thailand negotiate to solve migrant labour issue

In an attempt to solve the growing problem of undocumented Myanmar migrant workers in Thailand who are returning to their homeland out of fear of a new labour decree, the two countries are negotiating on issuing official documents to workers, but the talks are still ongoing and incomplete, said Union Minister for Labour, Immigration and […]

Thailand Mulls Casino Legislation, But Restoring Democracy Takes Priority

Thailand’s politicos have long harbored an interest in legalizing casinos and there is a very real sense they will take the plunge soon, although probably not before the much-anticipated general election, which is expected to take place in late 2008. This will be the first election since 2014’s coup, which saw a military junta seize […]

Saigon-Hanoi Joint Stock Bank Enters Myanmar Market

The event marks an important step for the bank as it is not only present in Indochinese markets but also the Southeast Asian region. The State Bank of Vietnam (SBV) recently approved SHB’s plan to open new branches in Ha Tinh, Dak Lak, Ha Nam, Binh Dinh and Tay Ninh provinces. These will become operational […]

Thai Junta Suspends New Labour Law, Extends Deadline After Exodus

BANGKOK/MAHACHAI, Thailand July 4 (Reuters) – Thailand’s junta delayed on Tuesday parts of a new labour law aimed at regulating the foreign workforce after the decree sparked panic and prompted more than 60,000 foreign workers to flee from the country. The military government, which has ruled since a 2014 coup, has invoked Article 44, a […]

World Bank Appoints New Director for Myanmar, Cambodia and Lao PDR

The FINANCIAL — The World Bank has appointed Ellen Goldstein as its new Director for Myanmar, Cambodia and Lao PDR. In this position, she is responsible for strengthening the partnership with client countries while deepening the dialogue on economic reforms aimed at ending extreme poverty and promoting shared prosperity.  For the first time, the World […]

Crop insurance to soon be offered

Crop insurance, which is of vital importance in agro-centric Myanmar, will soon be available to farmers who must regularly risk floods and other natural disasters that could potentially wipe out their harvest and their income for the season. A supervision committee on private insurance enterprises announced that private insurance companies established after 2013 will be […]