A new international terminal at Yangon airport is scheduled to open next week, with some flights to be moved to the new facilities, relieving strained capacity at the country’s main international gateway.
Plummeting demand from China has spurred jade traders to demand the right to sell internationally.
The first long-awaited initial public offerings on the Yangon Stock Exchange will not include any new shares, said underwriters, while the first company to raise fresh capital is unlikely to list until July.
Despite boasting a new democratically elected government that enjoys enormous popular support, Myanmar looks unlikely to shed the US sanctions that have restricted the country for decades, according to experts familiar with the sanctions program.
Planned Central Bank reforms could end state-owned banks’ reluctance to participate in the interbank foreign exchange market, which bankers at private lenders say is causing distortions in the kyat-dollar exchange rate.
As speculation mounts over whether the new government will back Myanmar’s divisive special economic zones, a National League for Democracy spokesperson says in theory such projects are good for the economy and will continue to receive support.