IMF ends Article IV consultation meetings

The IMF ended, on 1 July, their Article IV consultation visit to Myanmar releasing information regarding Myanmar’s macroeconomic state, calling for tighter fiscal and monetary policies, and stricter tax collecting policies with less incentives. The report said that in order to restrict inflation Myanmar must enforce tighter fiscal and monetary policies through, “vigorous enforcement of […]

Government, hotels pressure local officials over sand mining

The government, hoteliers and civil society are stepping up the pressure on Thandwe authorities to curb rampant sand mining at Myanmar’s premier beach destination, Ngapali. Tourism sources close to the Ministry of Hotels and Tourism say President U Thein Sein is aware of the issue, and has ordered action to be taken against companies that […]