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Government, private sector promote local SME goods with export potential

June 5, 2018 by Thiha

The government is working together with the private sector to promote locally produced goods, including those made in the states and regions beyond Yangon. The aim is to export the goods and narrow the trade deficit, which is in line with the National Export Strategy. Last week, the Union of Myanmar Federation of Chambers of […]

Filed Under: Latest News Tagged With: ADB, Asian Development Bank, beans, Current Account Deficit, Daw Khine Khine Nwe, Europe, export, Fisheries, Forestry Products, Garment Exports, garments, Germany, government, Irrawaddy State, Joint Secretary General, local SME goods, local SMEs, National Export Strategy, oilseeds, Pathein Pawsanhmwe Rice Enterprises, Pathein township, Pathein Umbrella, private sector, pulses, rice, rice exports, Rubber, Small and Medium Enterprises, SMEs, textiles, Trade Deficit, UMFCCI, Union of Myanmar Federation of Chambers of Commerce and Industry, Yangon

ADB sees positive economic prospects for Myanmar, depending on FDI

April 19, 2018 by Thiha

The Myanmar economy is on target for further growth in 2017-18 and as it moves forward into a fresh fiscal year, but there are policy and reform risks that could derail growth, said Yumiko Tamura, principal country specialist, ADB Myanmar Resident Mission at the Asian Development Bank (ADB). Ms Tamura yesterday presented the ADB’s growth […]

Filed Under: Latest News Tagged With: ADB, ADB Myanmar Resident Mission, agriculture production, agriculture sector, asean, Asian Development Bank, Banking Sector, Budget, budget deficit, country’s GDP, Current Account Deficit, domestic banks, domestic tourism operators, education, FDI, food prices, foreign direct investments, GDP, healthcare, hotels, Imports, industry expansion, Infrastructure Projects, local interest rates, Myanmar, Myanmar economy, oil prices, overseas goods, principal country specialist, rakhine, rice and garment exports, social services, tour companies, Tourist Arrivals, Yumiko Tamura

Myanmar needs to build more financial institutions, says IMF

January 23, 2014 by thiha

YANGON—The International Monetary Fund is urging Myanmar to build more financial institutions in order to achieve further development and continuous growth, a senior official said on Tuesday. “I think the government’s decision last year to establish an autonomous central bank is a very important one. Myanmar needs to build more institutions to manage its economy. […]

Filed Under: Latest News Tagged With: Accumulation, build, central bank, Concern, Crucial, Current Account Deficit, education, electricity, Facilitating Growth, Financial Institutes, financial sector, Foreign Direct Investment, health, Inflation, infrastructure, International Monetary Fund, Macroeconomic Management Capacity, Matt Davis, Myanmar, Positive Signs, Risks Remain, Telecommunication Licenses, Urging
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