The World Bank maintained its prediction for Chinese economic growth at 6.2 percent in 2019, despite increasing global uncertainties, because the world’s second-largest economy has remained resilient, an updated report said on Friday. “In an external environment that has become less favorable due to slowing global growth and rising trade tensions, China’s economy will need […]
Myanmar launches investment promotion plan amid toughening conditions
October 15, 2018 by
The Myanmar Investment Commission (MIC) on October 8 launched its Myanmar Investment Promotion Plan (MIPP) for the time frame between 2016-17 and 2035-36. The plan outlines five strategies to actively promote investments in the local economy, including new policies and regulations, institutional development, infrastructure development and leveraging on local business systems, industries and human resources. […]
State Counselor Encourages Japanese Investment in Myanmar
October 11, 2018 by
Myanmar’s State Counselor Daw Aung San Suu Kyi has invited Japanese investors to seek investment opportunities in Myanmar as she believes that Japan has a deep understanding of the country’s struggle in the Rakhine crisis and peace process. On Monday, in her keynote speech at the Myanmar Investment Conference in Tokyo, Daw Aung San Suu […]
Manufacturing key to Myanmar’s growth
October 11, 2018 by
Myanmar has been transitioning to a more open and market-oriented economy over the past few years. While progress has been made throughout the economy, manufacturing has witnessed rapid expansion, accounting for 15 percent of GDP in 2007 but growing to 24pc in 2017. Garment manufacturing, in particular, has grown rapidly, with exports expected to surpass […]
