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Myanmar takes steps to improve trade strategies

Myanmar will take measures to ensure that overseas demand for locally made goods remains elevated even as cheaper imports from the region are expected to rise now that the country will participate further in the ASEAN Free Trade Area (AFTA). This should also keep the country’s trade deficit, which was down to US$627 million in […]

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Myanmar: Businesses lament bank rules on transfers

The practice by local banks of only allowing foreign exchange transfers after showing bills of lading is an obstacle for businesses in making trade transactions, say some business owners. After the amendment of regulations governing the management of foreign exchange transactions in the country, the Central Bank of Myanmar began allowing foreign exchange (forex) transfers […]

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Myanmar inflation peaks at 8.8% in December 2019

Inflation in 2019 peaked at 8.81 percent in December, the highest level in 12 months, according to the latest available data released by the Central Statistical Organisation (CSO). In January 2019, inflation was 6.94pc. The higher inflation levels are due to steeper electricity tariffs implemented by the government since July last year. Other reasons include […]

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