Myanmar is now listed among the top 20 improvers of the World Bank’s Doing Business 2020 report. The report states that Myanmar is listed among top improvers in ASEAN because of reforms to the country’s business landscape. According to the report several initiatives in particular stand out. The foremost among them is Yangon’s strengthening of […]
Read MoreReal rural wages increased by around 40 percent in just five years due to labour shortages brought about by migration, a study shows. The finding was revealed during workshop organised by the United States Agency for International Development (USAID) in Yangon on Thursday. Machinery such as combine harvester were hardly used in 2013, but by […]
Read MoreThe Asian Development Bank (ADB) has released its report on economic outlook of the region, including Myanmar, for this year. The Asian Development Outlook 2019 Update report, released on Wednesday in Manila, provides analysis of macroeconomic issues in developing Asia, including new growth forecasts by country and region for 2019 and for 2020. In the […]
Read MoreMyanmar’s economy is forecast to expand to 6.4 percent in the current fiscal year and pick up to 6.8 percent in the next, according to a report on the economy in Southeast Asia released by the Institute of Chartered Accountants in England and Wales (ICAEW) on Tuesday. The report said that the forecast for Myanmar’s […]
Read MoreThe government is set to announce next month the basic price of rice in the coming rainy season and is expected to allow exports of raw rice if the prices in the local market drop too low in order to stabilise the country’s staple food, a senior commerce official said. Deputy Minister of Commerce U […]
Read MoreMyanmar and Singapore signed a bilateral agreement on the promotion and protection of investments on Tuesday in Yangon. Myanmar representatives led by Union Minister for Investment and Foreign Economic Relation U Thaung Tun and Singapore representatives by Minister for Trade and Industry Chan Chun Sing signed the agreement on behalf of their countries. The bilateral […]
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