News
Post-election, kyat resumes its weakening trend
The kyat weakened against the US dollar this week as the greenback strengthened in international markets and business resumed in Myanmar following the 8 November election. Fears the election could spur currency volatility have not materialised, indicating a certain level of confidence in political developments and ...
Rubber market to be built in Mawlamyine, Myanmar
Myanmar’s first central rubber market will be built at Mawlamyine in Mon State as authorities seek to help the industry amid low prices and sluggish sales. Mon State is the country’s top rubber producer and the commodity is considered a “promising export” in Myanmar’s National Export ...
Thai-owned BAAC launches B42bn scheme to assist farmers
Thailand’s state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) has launched three financial support programmes to help shore up paddy prices during the 2015-2016 harvest season. Keep reading ...
WHA eyes expansion into ASEAN, Myanmar
Stock Exchange of Thailand-listed WHA Corporation will set up fully integrated models in its four core businesses to meet expanding investment in ASEAN, though Myanmar investment will depend on the final election result. The company has restructured its operation over the past year to increase its ...
Myanmar Government accepts offer for talks
The Myanmar government has agreed to a request from Daw Aung San Suu Kyi to meet for “national reconciliation” talks, a spokesperson said. Daw Aung San Suu Kyi on 10 November wrote to President U Thein Sein, Pyidaungsu Hluttaw Speaker Thura U Shwe Mann and Tatmadaw Commander-in-Chief ...
President congratulates NLD, promises peaceful power transfer
President U Thein Sein has congratulated the National League for Democracy on its landslide victory in the 8 November vote and promised a peaceful transfer of power, the party said. The NLD said in a statement this afternoon that Minister for Information U Ye Htut, a ...
Myanmar opposition victory resonates in Cambodia
Cambodia’s opposition leader on 10 November lauded the success of Aung San Suu Kyi’s National League for Democracy (NLD) party in Myanmar’s historic election, an outcome he said will help pave the way for his party’s own electoral victory. In a post on his Facebook page, Cambodia ...
ADB offers Cambodia loans for malaria, irrigation
The Asian Development Bank will loan Cambodia $64 million for two projects covering irrigation upgrades and malaria control, according to an ADB statement released on 10 November. Keep reading ...
Nearly 170 Chinese ‘scammers’ deported
Early morning on 10 November, 168 Chinese nationals were deported from Cambodia, following their arrest last month for allegedly using the Kingdom as a base from which to extort money from victims in China, police said. Keep reading ...
Rain causes river bank collapse in Chai Nat
Heavy rain that hit parts of Sankhaburi district of Chai Nat province on night of 9 November caused the bank of the Noy river to collapse, damaging a riverside road and pulling down many houses. Hardest hit were villages in tambons Don Kam, Bang Khut and Pho Ngam. Keep ...
