Myanmar’s Military Holds Key to Further Reform

What does Myanmar need to push through a successful democratic transition? It must build strong institutions, transform the economy, and end decades of conflict between ethnic armed groups and government forces, among numerous other challenges. Yet, these enormous tasks seem trivial when compared to what is probably the biggest obstacle to further democratic reform: the […]

Hong Kong to Help Myanmar Set up a Gold Exchange

The operator of Hong Kong’s gold exchange is in talks to help the government of Myanmar establish a bourse in the country for trading the precious metal, according to Haywood Cheung Tak-hay, president of the Chinese Gold & Silver Exchange Society. “This is the right timing for Myanmar to establish a gold exchange as the […]

Asia’s New Tiger Economy Fears Currency Slide

​​ Myanmar’s central bank is braced for a deeper slide in the nation’s currency and has little scope to tackle the decline after the kyat fell the most in Southeast Asia, according to one of the monetary authority’s top officials. The kyat has weakened about 10 percent against the dollar in the past six months, data […]

Myanmar Bans Workers Going to Malaysia

​​ YANGON – Myanmar has banned workers from going to Muslim-majority Malaysia as relations sour between the neighbours over a bloody military crackdown on the Buddhist country’s Rohingya minority. The move came after Malaysian Prime Minister Najib Razak lashed out at Myanmar’s de facto leader Aung San Suu Kyi for allowing “genocide” on her watch […]