Showing 1 - 10 of 10
Myanmar's twin crises loom
Asia focus, Nareerat Wiriyapong, Published on 01/08/2022
» While the rest of the world continues to be preoccupied by Covid-19 and fallout from Russia-Ukraine war, the downward spiral of Myanmar continues. A once-promising frontier market risks slipping into a Sri Lanka-like economic crisis, exacerbating the humanitarian crisis created by the cruelty of its military junta.
Wasted Year
Asia focus, Nareerat Wiriyapong, Published on 21/02/2022
» Once perceived as Asia's final frontier, Myanmar has been tested severely by dual shocks -- a surge in Covid-19 cases in 2021 and the military coup that has brought its economy close to a standstill and left its people suffering from ongoing violence.
Myanmar soldiers collecting bills at gunpoint
Asia focus, By Richard C Paddock of the New York Times, Published on 31/01/2022
» The schoolteacher had just got out of bed when four Myanmar army soldiers pounded on her door. Her electricity payment was overdue, they said, and ordered her to pay it immediately at the government power company office.
Myanmar banks feel the heat
Asia focus, Larry Jagan, Published on 23/09/2019
» The fragile state of Myanmar's banking industry remains a problem for the government as it strives to liberalise the financial sector and create a genuine market-based economy. A mini-run on local banks earlier this month underscored how shaky public confidence is.
Paying for power stability
Asia focus, Larry Jagan, Published on 08/07/2019
» The government of Myanmar has substantially increased electricity prices with immediate effect as it seeks to reduce its deficit -- electricity subsidies alone cost US$500 million a year -- and finance new power projects to end chronic blackouts.
Yangon gets smarter
Asia focus, Larry Jagan, Published on 20/05/2019
» Yangon is introducing smart meters to control the electricity supply, monitor usage and bill customers in a single automated system. If a pilot project is successful, the potential for further development could be huge, says the entrepreneur spearheading the technology.
Painful correction
Asia focus, Larry Jagan, Published on 08/10/2018
» Myanmar's currency crisis seems to have eased in recent days as a result of government actions, and to the relief of some market observers who feared an Argentina-style meltdown was in the making.
Myanmar business mood darkens amid Rakhine outrage
Asia focus, Larry Jagan, Published on 24/09/2018
» Myanmar is stepping up efforts to attract foreign investment and spur economic development. A diplomatic offensive to improve the country's tarnished international image is part of the campaign, but western companies are not being swayed.
Myanmar's illusory growth
Asia focus, Tanyatorn Tongwaranan, Published on 24/09/2018
» Since it began opening up to the world in 2011, Myanmar has been one of the most hyped economies in the region. With promising economic growth averaging 7% a year, a young workforce and abundant resources, the country of 53 million seems to present boundless opportunities for local and foreign investors alike.
Minister on a mission
Asia focus, Larry Jagan, Published on 09/07/2018
» Soe Win has been in his post for less than two months, but already there are significant signs that Myanmar's new finance minister is ready to deliver on the government's commitment to boost economic growth.