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Myanmar blocks car, luxury imports amid foreign-currency crunch - Nikkei Asia

Nikkei Asia LogoNikkei Asia1w ago

Myanmar blocks car, luxury imports amid foreign-currency crunch - Nikkei Asia

Quick Summary

Foreign companies that entered Myanmar counting on domestic demand now face uncertain prospects.

For the two quarters through March, Myanmar reported exports of $8.1 billion and imports totaling $7.9 billion.

But the trade surplus was due largely to reduced capital goods purchases by foreign and domestic businesses.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Import Foreign Currency Military Trade Last Imports Government Myanmar Cars Goods

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 03:45:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 3 minutes read

Article Length: 517 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 5225

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 16 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 9h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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