Yangon lockdown not seen as trade hurdle

Myanmar’s extension of the Yangon lockdown for another 14 days after a record daily jump in Covid-19 cases is unlikely to affect border trade with Thailand. Yet a negative impact is inevitable if the lockdown measures are extended beyond that period and cover more areas, said Niyom Waiyaratpanich, vice-president of Thai Chamber of Commerce. Myanmar […]

SCB sets up local bank in Myanmar

Siam Commercial Bank (SCB) has set up a bank in Myanmar after receiving a subsidiary business licence from the Central Bank of Myanmar, aiming to expand in the neighbouring market via offline and online platforms. SCB, the country’s fourth-largest commercial lender by assets, notified the Stock Exchange of Thailand on Thursday that it had registered […]

Neighbouring countries building stronger gems markets than Myanmar

Neighbouring countries are building stronger gems market than Myanmar, which is the country of origin for many gems. Nearby countries are enjoying greater benefits than Myanmar, which is producing the gems and jewelleries, said U La Hpai Khun Sa, chairman of the Myanmar Gems and Jewellery Entrepreneurs’ Federation. “The raw gems, which are produced in […]

Soon, a bus ride to Myanmar from India

Giving a fillip to Prime Minister Narendra Modi government’s thrust to boost connectivity with neighbouring South Asian countries, India is set to launch a weekly cross-border bus service between Imphal in Manipur and Mandalay in central Myanmar. The service is likely to start from October and would cover a distance of 579 kilometres between Imphal […]