Kyat rebounds after re-export activities suspended

The spike in the exchange rate between the US dollar and Myanmar kyat appears to have tapered after the Ministry of Commerce (MOC) on August 17 temporarily suspended re-exports of sugar and diesel. “We suspended re-exports of sugar and diesel because the cash flows involved are huge enough to influence the exchange rate,” said U […]

Import of Diesel to Myanmar, Calling Interested parties.

Numaligarh Refinery Limited (NRL), a Government of India Enterprise, operating a 3 million metric tonnes per annum (60,000 bpd) petroleum refinery is looking for interested parties in Myanmar to import NRL diesel at Tamu, Myanmar and establish a market for its products in the Sagaing region. -Source of supply: Numaligarh Refinery in Assam, India -Distance […]

China Beating Japan in War for Economic Influence in Myanmar

While the Japanese foreign minister and State Counselor Daw Aung San Suu Kyi discussed Rakhine’s development in Naypyitaw last week, a Chinese Communist Party provincial secretary met the vice president to discuss increasing investment in agriculture, transport and technology cooperation. It is not the first time China and Japan have been seen directly competing on […]

Prospects of huge gas reserves in deep sea

Bangladesh has discovered the prospects of a big deep-sea gas reserve after the resolution of its maritime boundary dispute with Myanmar and India. A 2D seismic survey along the Myanmar border has revealed that Bangladesh could have a minimum of five prospective structures in the Bay of Bengal in Block D-12. The operator of the […]

What the US Can Learn from China and India’s Engagement With Myanmar

Washington and Brussels recently levied new economic sanctions against certain Myanmar military officers in connection with the atrocities of the Rohingya crisis unfolding in the country’s western Rakhine state, where thousands of the Muslim minority group have died and hundreds of thousands more have fled across the border to Bangladesh. The United Nations High Commissioner […]

The Opening of an India-Myanmar Land Border Crossing: A Boon for Northeast India

The recent opening of two land-border crossings between India and Myanmar at Tamu/Moreh in the state of Manipur and Rihkhawdar-Zowkhawtar in Mizoram will go a long way toward bringing India and Myanmar closer. According to a statement issued by the Indian Embassy in Myanmar, “the landmark Land Border Crossing Agreement between India and Myanmar, signed […]

India and Myanmar entry-exit points opened

The landmark land border crossing agreement between India and Myanmar came into effect on Wednesday with the simultaneous opening of international entry-exit checkpoints between the two countries, giving a major boost to India’s ‘Act East Policy’. “August 8 is an important date in the history of Myanmar. Today, it will also become an important date […]

India, Myanmar to relax ‘land’ visa norms

Bid to promote cross-border movement In a major fillip to connectivity between the North-Eastern States and Myanmar, visa norms will be relaxed for land border crossing through Moreh (Manipur) and Tamu (Myanmar) from this month. India and Myanmar signed an agreement in this regard during the visit of External Affairs Minister Sushma Swaraj to Myanmar […]

Myanmar gold exports could rise to 20 T in 2019 -industry official

KOCHI, India, Aug 4 (Reuters) – Myanmar could export as much as 20 tonnes of gold in 2019 after the Southeast Asian country earlier this year permitted exports of the precious metal for the first time in five decades, a senior industry official said on Saturday. A pick-up in legal exports will reduce the smuggling […]

Why Myanmar is concerned about Chinese investment

I write in response to an article published here by an assistant fellow at the One Belt-One Road Strategy Institute of Tsinghua University. In my opinion, the article misread the true situation in Myanmar and might unintentionally jeopardize the reform agenda of the National League for Democracy (NLD) government, particularly in regard to economic development […]