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Headwinds in Myanmar

The economic outlook for Myanmar for the coming year looks resilient, but the country faces enormous risks posed by internal tensions and international economic trends, according to the World Bank. In its latest Myanmar Economic Monitor — released last week and published every six months — the World Bank predicted that the country’s grow domestic product would […]

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Myanmar: Foreign investment inflows to double: govt

Foreign direct investment (FDI) into Myanmar is expected to grow this year, the Myanmar Investment Commission (MIC) says. Already, FDI into Myanmar in the first three months of fiscal year 2019-20 is double what it was in the same period in the previous fiscal year, the commission said. “Currently, FDI in the country shows obvious […]

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Myanmar: Confusion over taxes for jewellery fair

The amount of taxes on sales transactions during the recently concluded Third Yangon International Gems and Jewellery Fair have yet to be determined, officials said. Several days after the conclusion of the fair, the relevant authorities still have not agreed on the taxes for certain transactions,” Daw Myint Thet Naing, vice chair of the Yangon […]

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Five tech trends in Myanmar for 2020

Few countries, if any, have experienced the exponential growth in mobile penetration and data consumption that Myanmar has seen over the past five years. Moving from 13 percent to 124 pc mobile penetration, Myanmar consumers have not only gone digital but now enjoy some of Asia’s best, most affordable network services. Today, the Myanmar telecom […]

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Myanmar favours China over US, survey shows

A survey by a Singaporean think tank has revealed that some 61.5 percent of Myanmar respondents would choose to side with China if asked to align with a global power. However, despite the preference, a deterioration of trust towards China was observed with over half of the Myanmar respondents indicating distrust of China’s contributions to […]

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