"Fix the money, fix Myanmar" This is the slogan of Myanmar Dollar-MYD, the newly emerged cryptocurrency, which is intended to counter the junta’s grip on Myanmar Kyat. This is one of the facets of the revolution against the coup. Unlike A-May Suu Token, a crypto token that emerged after the...
Lucia Mutikani WASHINGTON (Reuters) - Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers. The weekly jobless claims report from the...
After the dollar rate drastically surged from around K1,300 per dollar before February to K1,720 within just over three months, the Central Bank of Myanmar is planning to sell $1.6 million through money changers on May 13, according to local money changers. "We are to buy dollars from the central...
A group of seven robbers robbed the AYA Bank’s cash carrier van on the old Yangon-Mandalay highway between Lat Pan Won Village and Thar Yar Aye Village in Inndagaw Township, Bago Region around 2 p.m. on September 13. Although local media reported that the robbers got away with money as...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် The COVID-19 pandemic has put an enormous pressure on the global economy; Myanmar's economy is no exception from it. The World Bank, in its recently released Myanmar Economic Monitor, revised its forecast for the country in the 2019-2020 fiscal year to be as low as 0.5 percent...
Local gold price, which has skyrocketed reaching over K1.7 million following the coup by the military, now has dropped as much as K200,000 as the price decreased to around K1.5 million per tical (tical= 16.3 g). On May 26, the domestic gold market closed with K1.5 million per tical while...
vol 7 , Issue 43 Tin Mg Oo & Ei Thandar Tun/Myanmar Business Today In recent years Myanmar stood unchanged at 171 for the World Bank’s Ease of Doing Business ranking. However, the country was recently listed in the top 20 most improved in Ease of Doing Business along with Azerbaijan, Bahrain, Bangladesh, China, Djibouti,...
Written by Stephanie Li The Chinese Embassy in Myanmar announced on January 10 that President Xi Jinping will pay a state visit to Myanmar this week to sign infrastructure and investment agreements and celebrate the 70th anniversary of the establishment of bilateral ties.  Xi’s visit on January 17-18 will be his first in his current capacity. He is scheduled...
By David Lawder WASHINGTON, June 1 (Reuters) - U.S. President Donald Trump has little choice but to stick with his Phase 1 China trade deal despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes China can meet U.S. goods purchase targets, people...
If you want to withdraw cash from your bank account in Myanmar, you need to get up as early as at least 4 a.m and go to an ATM-not any ATM but ATM where your bank chooses to refill cash. Then wait for hours to have your turn to...