News Myanmar Trading: Myanmar looks to Thai baht, Chinese yuan for border trade to cut reliance on US dollar
Thailand is Myanmar’s second biggest trading partner behind China. Trade in the 2020-2021 fiscal year was worth US$5.3 billion, the statement said. Myanmar’s main exports included gas ...
News Myanmar Trading: Philippines, like New Zealand, rejects Myanmar in trade pact
would also snub Myanmar’s inclusion and eventually bar it from the massive trading bloc. Myanmar’s army wrested power from Aung San Suu Kyi’s elected government on Feb. 1, 2021, in a ...
News Myanmar Trading: Myanmar allows Baht as an official settlement currency for border trade
The Central Bank of Myanmar has now allowed Baht as an official settlement currency for Thai-Myanmar border trade, according to its announcement on March 3, 2022. The move aims to improve trade between the two countries, streamline the payment and trading as well as to increase the use of local ...
News Myanmar Trading: Telenor to divest more Myanmar businesses
Norwegian cell phone operator Telenor said Monday it is also selling its stake in a digital payment service in Myanmar following the military coup in the Asian country. Telenor, which has already ...
