AGP Executive Report
Last update: 2 hours agoBusiness: Unilever has agreed to sell its stake in Myanmar joint venture UEMCL to an affiliate of local partner EAC. The deal is expected to close in 2027, subject to regulatory approval; financial terms were not disclosed. Trade and prices: The kyat’s slide is disrupting Thai-border trade, with traders suspending some transactions as import costs rise. The currency fell to about 680 baht per 100,000 kyats, adding pressure on businesses and consumers reliant on Thai goods. Agriculture: Myanmar is stepping up preparations for potential El Niño impacts, including plans to protect water supplies and ensure access to seeds and livestock breeds. Five Pawsan rice varieties are being grown across 15 Yangon townships, with yields forecast at 72.25 baskets per acre. Investment and industry: Myanmar attracted US$433 million in foreign investment in the first half of fiscal 2026–27. Parliament also approved two months of tax relief on 500-ppm diesel and LNG, while global rubber production fell in the first half of 2026, including in Myanmar, amid weather and supply challenges.
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