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GDP growth expected at 7pc, deficit at 5.9pc for next fiscal year

Myanmar expects its economy to grow by 7 percent as measured by GDP for the upcoming 2019-20 fiscal year compared to the 7.6pc expected for fiscal 2018-19. According to the budget estimate submitted by the Union government to the Pyidaungsu Hluttaw on July 15, it expects total revenue of K25.3 trillion and total expenditure of […]

City development takes time

Even a light shower can flood the streets in Yangon. Aside from the drainage, residents also face issues with power shortages, broken pavements, traffic jams, poor waste management, homelessness and stray dogs – to name but a few. These urban woes are not specific to Yangon, but cities across the country are dealing with a […]

Access to credit and skills gaps major concerns, survey reveals

Business executives remain concerned with the lack of affordable access to credit and insufficient human capital, according to the Myanmar business barometer survey published by Oxford Business Group (OBG). Access to credit In a survey involving dozens of high-level executives across industries, more than half (58pc) of participants said they believed that less than 20pc […]

VC funding in tech on the rise even as trading on YSX dips

The Myanmar Stock Price Index hit an all-time low at the close of trading last week, closing the second week of the year at 450.14, down by almost 5 percent during the week. Over the period, only shares of Myanmar Thilawa SEZ Holdings (MTSH) were significantly traded. The company released its results for the six […]

Myanmar expects 6 bln USD foreign direct investment yearly

NAY PYI TAW, Sept. 12 (Xinhua) — Myanmar is expecting to attract about 6 billion U.S. dollars of annual foreign direct investment starting from 2018, U Maung Maung Win, deputy minister of the Ministry of Planning and Finance said Tuesday. In accordance with the Foreign Direct Investment Promotion Plan (FDIPP), the country is expecting about […]

New marine breeding zones in Twante, Yangon to accelerate GDP growth

The plan will be implemented in the Twante and Yangon areas, he said at the meeting with the vice president and businesses. “The current government is very much interested in the fisheries sector. The sector can contribute immediate benefits for faster GDP growth. So, negotiations are underway to implement a special fisheries project in Twante […]

Politics and frontier property markets

Myanmar’s election held on November 8, deemed as the country’s first free election in 25 years, caught the attention of people around the world as Aung San Suu Kyi’s National League for Democracy won by a landslide. Considering the date from the Directorate of Investment and Company Administration (DICA) indicating the rise in the real […]