Myanmar’s economy has taken a beating in recent quarters, with a rising number of companies reporting tougher business conditions and a slowdown in market demand. One of the main reasons is the rising foreign exchange rate. Despite a slew of measures taken by the Central Bank, which included pumping millions of dollars from its reserves […]
Read MoreThe average inflation rate in late August stood at 5.50 per cent, a slight increase compared with 5.02 per cent in late July, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation (CSO). The average inflation rate has increased for five consecutive months. In late August, Mandalay topped the […]
Read MoreRETAILERS will no longer need to bother about logistics and fleet operators or worry about empty runs in Myanmar thanks to an innovative technical solution launched earlier this year, according to Soe Pyae Aung, co-founder and chief operating officer of KoneSi Freight Co. “Logistics costs in Myanmar are among the highest in Southeast Asia, accounting […]
Read MoreThe Yangon Stock Exchange (YSX) will release rules under the new Myanmar Companies Law which could allow foreigners to trade on the local bourse before the end of the year, U Yin Zaw Myo, managing director of the YSX, said yesterday. The rules are currently being drafted together with the Securities and Exchange Commission of […]
Read MoreThe price of high quality domestic rice has risen the most in five years, driven by rising demand, inflation and potential price manipulation, local traders said. According to data from the Myanmar Rice Federation and Myanmar Rice and Paddy Traders Association, a bag of Ayeyarwady Paw San rice had hit K52,000 in August, which is […]
Read MoreSince initiating reform in 2011, Myanmar has made progress in rejoining regional and international communities – transitioning to a market economy, liberalising trade and investment and promoting industrial development. Yet decades of political instabilities and civil unrest have sown the seeds of an extensive illegal economy, ranging from illicit trade in drugs, logging and mining […]
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