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Myanmar: Myanmar trade deficit ‘still too high’

ALTHOUGH MYANMAR IS aiming high to improve its trade volume this year, the government needs to reduce the long-standing trade deficit by boosting exports, local businesses say. Zaw Min Win, president of the Union of Myanmar Federation of Chamber of Commerce and Industry, said that the unstable exchange rate, illegal trade and limited productivity may […]

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myanmar-garment
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Myanmar: Threading the Needle – the Rise of Myanmar as a Garment Manufacturing Alternative

With the government of Myanmar recently passing its new Investment Law, taking effect in April 2017, the country is showing its continued commitment to attracting foreign investment. After reopening its economy in 2012 following several political reforms beginning the year before, Myanmar has been receiving significant increases in foreign direct investment, reaching a high of […]

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Philippines: NG debt up 1.8% to P6.09 T as of Aug

The outstanding debt of the national government breached the P6-trillion mark for the first time in end-September due to the weakening of the peso against the dollar, the Bureau of the Treasury said. The government’s debt stock as of end-September hit P6.09 trillion up 1.8 percent from end-August. Since end-2015, debts already rose 2.2 percent […]

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