The Myanmar economy is forecast to expand by 6 percent in 2021, according to the Asian Development Bank (ADB) in its latest report on December 10. “The outlook for developing Asia is showing improvement. Safe, effective, and timely vaccine delivery in developing economies will be critical to support the reopening of economies and the recovery […]
Conflicts in Myanmar a challenge for businesses, says World Bank
January 21, 2020 by
Myanmar is expected to grow at a rate of 6.4 percent in fiscal 2019-20 from as a result of higher government spending and private investments but a rising occurrence of conflict and violence could hold investors back, according to the World Bank’s Myanmar Economic Monitor report, released Tuesday. The report noted that the presence of […]
Foreign investment to grow in Myanmar
June 25, 2014 by
Myanmar’s Directorate of Investment and Company Administration has granted 10 more foreign investors to trade in Myanmar. The announcement on June 21 includes six “Foreign Direct Investment” organisations, including the United States-based Colgate-Palmolive conglomerate and four garment manufacturers: Fu Yuen Garment Company from Macau, Eslite Garment Company and Polar North Garment Company from Taiwan, and […]
Myanmar Economy Can Grow 8.5 Percent This Year: IMF
June 18, 2014 by
YANGON — Myanmar’s economy should grow 8.5 percent during the current fiscal year, higher than earlier forecast thanks mainly to rising gas production and investment, the International Monetary Fund said on Tuesday. In January, the IMF predicted that Myanmar would have 7.7 percent growth during the fiscal year that ends March 2015. The fund left […]
Yangon hotel market continues to boom
June 9, 2014 by
The social and economic reforms that began in Myanmar in 2011 have allowed tourism to flourish in the country. In the former capital city and still the commercial hub, Yangon, international arrivals grew 46% from 550,000 in 2012 to just over 800,000 in 2013. The number of arrivals in Yangon remains relatively small compared with […]
