Luang Prabang: The foreign ministers of the six Mekong countries met here yesterday to deepen cooperation and discuss the latest developments and implementation of previous meeting outcomes at the 4th Mekong-Lancang Cooperation (MLC) Foreign Ministers’ Meeting. The meeting was co-chaired by the Lao and Chinese foreign ministers. Participants exchanged views on future activities under Mekong-Lancang Cooperation, […]
Read MoreInflation in Myanmar has hit a two-year high of 8.2 percent since August, up from 5.5pc last year as a result of a steep drop in the value of the local currency against the US dollar, rising food prices and a recent spike in global oil prices, according to the World Bank. The higher levels […]
Read MorePublic spending is expected to balloon in the next two years leading up to the 2020 General Election, potentially taking the fiscal deficit up to 6 percent as a share of GDP over the current fiscal year, according to government data. The K22.1 trillion Budget, which allocates more spending towards health, education and energy, is […]
Read MoreMyanmar is forecast to grow at a slower pace of 6.2 percent this year compared with 6.8pc in the previous year, according to a report by the World Bank released yesterday. While prospects for the economy are positive over the longer term, the risks to growth for the coming year have also risen. In that […]
Read MoreDespite rich resources and good geographical location, Rakhine State has many challenges to overcome if it is to attract foreign investments, people in the business community say. “Foreign investments have slowed due to conflict in the state. The economy of Rakhine needs to be promoted first and only when it is conducive, will problems such […]
Read MoreAs the tax to GDP ratio for Myanmar is lower than that of its regional peers, successive governments have prioritised more efficient tax collection. Efforts to reform tax collection began in 2012 under former president U Thein Sein. The aim of the effort was to put in place a modern tax administration system. The first […]
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Thailand
