As from 1 April, foreign visitors to the country will be able to pay for all trains, whether long distance or local, in Burmese kyat as opposed to US dollars, Myanmar[…]
Decrease in quantity of kyat on the streets of Burma prompts sale of stockpiled gold as Burmese fear economic downturn
Two hundred and fifty workers circled the Hlaing Tharyar industrial zone on Sunday, chanting for a baseline daily wage of 4,000 kyat (US$3.33).
Burmese army and Myanmar Police Force members seized 2.77 billion kyat worth of drugs in the Kokang region capital of Laogai, according to state media reports on Tuesday. Laogai (or[…]
Thailand-based Small and Medium Enterprises Development Bank has pledged for provide 20 billion kyat (US$20 million) this year in loans for small and medium businesses in Burma starting from 27[…]
PepsiCo has reentered the Burmese soft drink market. Pepsi brand drinks had previously been manufactured and distributed in Burma, however economic sanctioning forced the American company out in 1997. Local[…]
The Myanmar Small and Medium Industrial Development Bank (SMIDB) is planning to lend 20 billion kyat (US$20 million) to industries in the country over the 2014-15 fiscal year, according to[…]