A year after its launch, the Yangon Stock Exchange Index with four listings has halved on paltry turnover as economic growth dipped slightly from the 7% trend, and foreign direct investment fell for the first time in five years – by one-third to $6.5 billion. This was despite a new “one-stop shop” law going into […]
Mongolia struggles through financial instability
Mongolian shares rose 4% in March according to Bloomberg’s top company index, after the IMF extended another multi-year bailout for $440 million which can unlock an immediate additional $3 billion from bilateral and multilateral partners. CChina, which receives 90% of its neighbor’s mineral exports, will bolster a $2 billion currency swap as part […]