Workers going to Thailand hits record high in January

The number of Myanmar workers migrating to Thailand with a Memorandum of Understanding (MoU) in hand hit a record high of 16,988 in late January. An official at the Friendship Bridge said the number of workers leaving with an MoU “has hit a record high as more than 500 workers migrate to Thailand every day.” […]

Thai fuel ban begins to hit Myawady

Myawady – Thailand banned the export of petrol, diesel and oil to Myawady since last Sunday and there would be shortages within a week, said filling station owners. “We are facing shortage of diesel right now. It can be imported officially through the Friendship Bridge but we have a lack of oil trucks and have […]

Skyrocketing real estate prices deter new foreign investment in Myanmar

Skyrocketing real estate prices could deter new foreign investment that enters Myanmar, officials and economic experts warned on Saturday. The construction project of the Yangon-Dala River crossing bridge will be suspended during the current government’s term as commercial real estate booms in urban Yangon, Dala township, President Office Minister U Soe Thein told a press […]