Central Bank of Myanmar issued notification dated March 3 on the use of Thai baht and Myanmar kyat for direct payment at Myanmar-Thai border. CB stated that in its effort to facilitate bilateral trade, flow of goods, payment and settlement system and to promote the use of local currency according to the objectives of Asean […]
Energy Ministry Negotiates to Lower Fuel Oil Prices
November 13, 2018 by
The Ministry of Electricity and Energy is negotiating with suppliers to bring down fuel oil prices, said managing director of the ministry U Thant Sin. U Thant Sin, who is also the vice-chairman of the government supervisory committee on petroleum and petroleum product business activities, said during a monthly press conference on Thursday in Naypyitaw […]
Operators unfazed as Myanmar slows
August 27, 2018 by
YOUNG entrepreneurs in Myanmar remain upbeat on the country’s economic outlook despite weakening of the kyat, high inflation and delay to reform. “It is not good if you look at the exchange rate. The kyat is retreating against the US dollar and Thai baht, We are in a unstable period,” May Mon Thu, managing director […]
US dollar exchange rate hits the highest at Ks 1,323
November 22, 2016 by
The exchange rate stood at its highest point of Ks1,323 per US dollar on 19th November, according to the black market of foreign exchange , after reaching a 14-year record high on 18th November on global market. The dollar price has been on the rise for 10 consecutive days at the local foreign exchange market, […]
Car imports decline as Thai currency rises
June 18, 2015 by
As the value of the Thai baht increases along with the US dollar, the cost of importing a car from Thailand has risen by up to Ks 1 million. Therefore, the number of legal car imports over the Thai border has become remarkably low, according to import-export businesspeople. “When purchasing cars from Thailand, the price […]
