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Myanmar's escalating civil war: Implications for India's 'Act East 'policy – ENG.MIZZIMA.COM

Myanmar's escalating civil war: Implications for India's 'Act East 'policy – ENG.MIZZIMA.COM
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Myanmar heading Sri Lanka way, courtesy of China and junta

Panic has gripped Myanmar over the growing likelihood of a Sri Lanka-type economic collapse or a Pakistan-type economic crisis after the country's central bank called on all citizens this month to convert their foreign currency holdings and remittances received from abroad into the local currency kyat within a day. Myanmar's foreign reserves are believed to have dwindled sharply and foreign debt has escalated as western sanctions following the Feb 2021 coup and the raging Covid pandemic have impacted the nation's economy. ....

United Kingdom , Than Tha , Sri Lanka , Bertil Lintner , Embassy Of Japan , French Myanmar Chamber , People Defence Forces , Central Bank Deputy Governor , Singaporean Embassy , German Myanmar Business Chamber , Administrative Council , Japanese Embassy , National Unity Government , International Labor Organisation , Myanma Economic Holdings , United Nations Development Program , British Chamber , Sri Lanka Type , Central Bank , Deputy Governor , Than Tha Swe , State Administrative Council , Austcham Myanmar , Eurocham Myanmar , Wanbao Mining ,

Myanmar heading Sri Lanka way, courtesy of China and junta

Panic has gripped Myanmar over the growing likelihood of a Sri Lanka-type economic collapse or a Pakistan-type economic crisis after the country's central bank called on all citizens this month to convert their foreign currency holdings and remittances received from abroad into the local currency kyat within a day. Myanmar's foreign reserves are believed to have dwindled sharply and foreign debt has escalated as western sanctions following the Feb 2021 coup and the raging Covid pandemic have impacted the nation's economy. ....

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Business Chamber Established to Boost German-Myanmar Trade Ties


German Myanmar Business Chamber (GMBC), which involves over 50 Myanmar and German business firms, has recently been established in Yangon, as the official membership organisation of companies active in bilateral business relations of the two countries.
The chamber said it will work as a platform of exchange between German and Myanmar companies that are seeking business opportunities in Southeast Asia’s fastest growing market. It also seeks to establish a dialogue with the Myanmar government on economic frameworks.
“In order to succeed, German and Myanmar companies need to be committed to sharing market insights, knowledge and networks with each other. The GMBC aims to foster this dynamic interaction and collaboration,” said Jens Knoke, founding president of the GMBC. ....

Jens Knoke , German Myanmar Business Chamber , Southeast Asia , German Industry , ஜென்ஸ் தட்டுங்கள் , ஜெர்மன் மியான்மர் வணிக அறை , தென்கிழக்கு ஆசியா , ஜெர்மன் தொழில் ,