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Myanmar Living Conditions Survey 2017

A joint report by the Central Statistical Organization, the UNDP and the World Bank, reveals significant changes in living conditions in Myanmar over time. The main changes in electrification are happening in Myanmar’s villages, with almost all the growth in solar and public grid access coming from rural areas. In 2017, just over a quarter […]

Average inflation rate hits 4.03 pc in March

The average inflation rate in March was 4.03 per cent, with the highest rates reported in Rakhine and Mandalay and the lowest in the Union Territory, according to the figures released by the Central Statistical Organization. Until March of this year, the average inflation rate in Kachin was 5.27 per cent, 4.21 per cent in […]

Myanmar’s evolving maritime security landscape

Myanmar links South and Southeast Asia and lies on maritime shipping routes from the Indian and Pacific Oceans.A key pillar of its national development agenda is establishing an efficient and integrated transport system to become Asia’s newest maritime hub. Recent political and economic reforms have already had significant impact on national trade flows. According to […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

Savers stuck with bank deposits despite negative real rates

Bank accounts remain the most popular choice of investment for savers, despite inflation running higher than commercial banks’ deposit rates, said financial industry sources. Bank workers count cash in a branch in Yangon. StaffBank workers count cash in a branch in Yangon. Staff Sources at several commercial banks said there had been no decrease in […]

India to resume buying rice from Myanmar: traders

YANGON, Sept. 8 (Xinhua) — India will resume buying rice from Myanmar after suspension for three years, offering to import 500, 000 tons of rice from the Southeast Asian country, said a Myanmar rice traders organization Monday. Prices for the rice deal are under negotiation, said the Myanmar Rice Federation, adding that India’s offer to […]

Myanmar Gas Exports Worth $3.3Bln Last Year After Slight Drop

YANGON — Myanmar’s earnings from natural gas exports fell in the last fiscal year as more of the resource was consumed domestically but shipments of greater volumes to China as a new pipeline comes up to speed are expected to boost earnings this year. Myanmar earned $3.299 billion from the export of gas during the […]