Root cause of high inflation rate is linked to high commodity prices: CBM Vice-Governor

The root cause of high inflation rate in the third quarter of 2018-2019 fiscal year, is linked to high commodity prices and consumer price indexes, said Soe Thein, Vice-Governor of the Central Bank of Myanmar at the regular session of Lower House Parliament yesterday (August 27). The vice-governor replied to the question raised by Lower […]

Budget deficit expected to hit K7 trillion in next fiscal year

Next year’s budget deficit is expected to be K7 trillion (US$4.5 billion) as the government plans to spend more in an effort to fulfil more of the public’s urgent needs, said President Win Myint. He made the comment at a National Planning Commission meeting and Finance Commission meeting for fiscal 2019-20 in Nay Pyi Taw […]

Myanmar insurance industry poised for reform, awaits liberalisation

Insurance providers in Myanmar can expect a more competitive and promising landscape on which to do business in the near future. With market liberalisation, which will enable firms to offer a wider variety of insurance products, on the government’s agenda, local and foreign providers alike have already started training staff and building management and IT […]