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More Indian investments expected with better connectivity, bilateral ties

With a target of becoming a US$5 trillion economy within the next six years, India could overtake the UK to become the world’s fifth biggest economy this year and even surpass Japan to be the third largest in 2025, IHS Markit noted in a report this month. As the only ASEAN member state to share […]

US$800K In Pre-Series A Funding Secured By Kargo, A Myanmar Based Logistics Startup

Led by Singapore- based venture capital fund Cocoon Capital and the participation from two unnamed angel investors, Kargo, a logistics startup based in Myanmar said that it has raised US$800,000 in a pre-Series A funding round. Cocoon Capital’s US$20 million fund raised last year that targets seed stage tech startups in South Asia has much […]

Economy outlook positive pending reform acceleration, says World Bank

After a period of volatility during the six-month transition period between April and September 2018, growth in Myanmar has stabilised and the economy is expected to expand at a rate of 6.5 percent in the current 2018-19 fiscal year, according to the World Bank’s June 2019 Myanmar Economic Monitor. Supported by higher productivity in the […]

World Bank confident China will post 6.2% growth rate

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 has an energy problem

Ever since Myanmar undertook a series of political, economic and administrative reforms in 2011, the country’s economy has steadily improved. According to data from the Asian Development Bank (ADB), Myanmar is enjoying some of the highest growth rates in the region. The ADB predicts that the country’s gross domestic product (GDP) will grow by eight […]

Myanmar needs to accelerate economic reforms to sustain growth: ADB

Presenting an optimistic growth outlook for the current fiscal and the coming years, ADB urges government of Myanmar to continue focusing on economic reforms, particularly in the areas of public finance management, legal and regulatory frameworks and governance and accountability. Pointing out the need for prudent use of scarce resources for infrastructure and skill development […]

Govt draft roadmap to develop and support digital economy in Myanmar

Myanmar has released its official strategy for developing its digital economy over the next six years, according to the Ministry of Planning and Finance. Published February 26, the Myanmar Digital Economy Roadmap was drafted with a mission of enabling digital transformation, governance, trade and innovation to develop a digital economy and encourage inclusive and sustainable […]

The emergence of Suukyinomics

State Counsellor Aung San Suu Kyi’s National League for Democracy (NLD) administration in Myanmar has been heavily condemned by international policy analysts for its absent economic vision and lack of a tangible policy on minority management. But it seems now there is a plan: Suukyinomics, a brand that began with the announcement on 28–29 January […]

City Mart and Sandanila Investments launch City Invest Fund

City Mart Holding Co Ltd (CMHL) in conjunction with Sandanila Investments will be launching the City Invest Fund, which will be an investor and partner to small and medium-sized enterprise (SME) food manufacturers. The primary motivation for the fund is to help increase the quality, quantity, and proportion of products made in Myanmar in modern […]

Bid to establish Myanmar derivatives market begins

THOUGH Myanmar’s stock market is yet to be very active due to a lag in investor interest, another move is now under way to set up a derivatives market in the nation, according to a workshop held at the Yangon Stock Exchange (YSX) yesterday. Min Htike Aung, managing director of New World Financial Group, said […]