Business
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Myanmar regime tightens rules on importing pharmaceuticals
The new rules, which come amid a worsening shortage of essential medications, are aimed at slowing the depletion of the junta’s foreign currency reserves
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More than 25,000 businesses have closed in Myanmar since the coup
Despite regime officials’ denials, Myanmar businesspeople said the increasing deregistration of domestic and foreign companies was largely due to worsening economic conditions in the country
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Japan supermarket director detained in Myanmar released: junta
Hiroshi Kasamatsu, director of Aeon Orange, had been accused of trying to “create economic chaos” by selling rice at above the regime’s set price
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China-owned company wins contract to expand Shwe gas project off Myanmar’s west coast
Expansion of the project proceeds despite fierce fighting for control of Rakhine State, where it is based
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Singaporean company pulls out of Myanmar energy project
The company, Avarga Limited, said that its operations in Myanmar had deteriorated significantly since the 2021 coup
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