Myanmar eyes junta’s old tricks to fight weaker currency

YANGON — Desperate to halt the severe depreciation of its national currency, Myanmar’s democratically elected government may revive drastic measures that were employed by the military junta. The kyat has lost about 20% of its value against the greenback in the past six months due to Myanmar’s growing fiscal and trade deficits stemming from lower […]

Myanmar current gov’t allows 38 offshore blocks for gas exploration tender

Myanmar’s current term of government has allowed 38 offshore blocks for tender for gas exploration, leaving 13 blocks for further undertaking, an official report said Wednesday. There have been a total of 51 offshore blocks reserved for gas exploration tender. In addition, there are also 53 onshore blocks designated for such undertaking. According to the […]

Myanmar sees rise in foreign contracted investment

YANGON, July 18 (Xinhua) — The foreign contracted investment in Myanmar hit 2.4 billion U.S. dollars in the first three months of the fiscal year 2015-2016, according to official statistics released on Saturday. During the period, the Myanmar Investment Commission approved projects involving 46 domestic and overseas firms in sectors including manufacturing, construction, real estate […]