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Falling kyat may put pressure on foreign debt

The falling value of the Myanmar kyat versus the US dollar could make repaying external debt harder for the government in the coming fiscal year. In 2018-19, it is expected to repay K877 billion out of the $9 billion Myanmar owes to foreign creditors, according to the budget submitted for the period. That amount may […]

Burma’s Skills Sector in the Spotlight

RANGOON — Sources in domestic business circles have welcomed a recent call for British companies to consider investing in Burma’s skills sector, with the UK Trade and Investment (UKTI) office saying a dearth of qualified workers could be remedied, in part, by British education and training enterprises. According to a UN-backed business survey last year, […]

Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts

Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]