In major test, Myanmar scrambles to clear port jam threatening growth


  • World
  • Friday, 10 Jun 2016

A view of the Myanmar industrial port terminal at the banks of the Hlaing river in Yangon, June 9, 2016. REUTERS/Soe Zeya Tun

YANGON (Reuters) - Myanmar's new government has been grappling with its first economic management crisis, as a weeks-long traffic jam of cargo ships at the country's biggest port threatens to scare potential investors away and choke off nascent economic growth.

The bottleneck at the dilapidated port was caused by a spike in demand for goods as the opening up of the economy accelerates following a historic election win by Aung San Suu Kyi's National League for Democracy (NLD) in November.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Iraq hangs 11 convicted of terrorism in latest mass executions, security officials say
Spain prosecutor requests dismissal of corruption case against PM Sanchez's wife
India says US human rights report "deeply biased"
Lawyers seek UN help for release of American held by the Taliban
Trump trial expected to focus on payment to ex-Playboy model
Explainer-How Trump's immunity claim stalled 2020 election subversion case
Kremlin says U.S. long-range missiles sent to Ukraine will not change war's outcome
More than 100 inmates escape after rain damages Nigerian prison
African migrant disaster survivor haunted by weeks lost at sea
Most global tech leaders see their companies unprepared for AI

Others Also Read