Within one week of touching a high of over K1.3 million per tical (0.578 ounces or, 0.016 kilograms), the price of gold in the domestic market has dropped by K80,000, according to the Yangon Gold Entrepreneurs Association (YGEA). “The domestic gold price has slumped as the global gold price has dropped. It hit the highest […]
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Myanmar banks look to consolidation through better governance
Posted on by All-Myanmar
Consolidation can be expected in Myanmar’s overcrowded banking sector, aided by improved corporate governance and central bank directives as well as a cleaning up of loan books, an investment conference heard this week. Speaking at the Myanmar Global Investment Forum 2019 panel discussion “Changes in the Banking and Financing Sectors” in Nay Pyi Taw this […]
Continue ReadingMyanmar stocks surge on hope of foreign funding
Posted on by All-Myanmar
Key index up 10% in August after decision to open doors to overseas investors BANGKOK — Expectations are growing for an influx of foreign investment into Myanmar two months after local authorities said they would lift restrictions to allow overseas investors to trade shares of locally listed companies. The Myanmar Stock Price Index or Myanpix […]
Continue ReadingTalking trade and investments with Thailand’s economic counsellor in Myanmar
Posted on by All-Myanmar
Thailand and Myanmar have long had business and economic ties, with the Thais even establishing a trade and business centre in Yangon. Last year, trade volumes between the two countries reached US$7.5 billion, representing a year-on-year increase of 7 percent. Moving forward, Thanawut Naigowit, who was appointed as Thai Economic Counsellor and Director of the […]
Continue ReadingLocal peanut oil prices expected to stabilise
Posted on by All-Myanmar
The prices of local peanut oil and groundnuts, which rose in August, are expected to stabilise this month, says an official with an industry organisation. “Groundnut prices last month rose to a high of K4200 a viss (1.6 kilos) and it caused problems for local edible oil millers. However, new groundnut supplies will enter the […]
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