Korea chases investment in Myanmar

The ASEAN-Korea Centre sent 20 Koreans to Myanmar last week to seek investment opportunities. The investment and market research mission of businessmen and officials from the Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corporation went to Yangon on Jan. 13-15. The project was designed with Myanmar’s Directorate of Investment and […]

World Bank Forecasts Drop in Burma’s Economic Growth

RANGOON — A World Bank report released Monday estimated that Burma’s economic growth for the 2015-16 fiscal year would slow, due in part to recent flooding and a slowdown in new investment. According to the Bank’s latest “East Asia and Pacific Economic Update,” Burma’s economy grew at 8.5 percent in real terms for the 2014-15 […]