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Inflation in Mandalay highest in the country: Ministry

Mandalay Region’s inflation rate, at 11.53 percent, is the highest in the country due to its status as a major trade hub in the country, said U Myat Thu, Regional Minister for Planning and Finance. The region’s inflation rate based on the Consumer Price Index (CPI), which is calculated by the Central Statistical Organisation (CSO) […]

Ordinary folk feel the pinch from tumbling kyat

The downward spiral of the kyat against the US dollar has taken its toll on the prices that people have to pay for everyday items like rice, fish, meat, and vegetables. Housewives complain that even the prices of salt, fish paste and other condiments that are staples for ordinary folk have increased. The prices of […]

Taxes on tobacco and alcohols increased in Union Taxation Bill

According to the Union Taxation Bill for 2018-2019 FY submitted by the Ministry of Planning and Finance on behalf of the Union government, taxes levied on cigarette, cheroots and alcohols are raised. Deputy Minister for Planning and Finance Maung Maung Win submitted the Union Taxation Bill for 2018-2019 FY at the session of Union parliament […]

State Counselor Offers Reassurances Amid Economic Woes

YANGON—Myanmar’s State Counselor Daw Aung San Suu Kyi offered words of reassurance to the business community regarding the current economic slowdown saying that her government is working to deal with some major complaints, though the progress will take time. At a meeting with members of the business community in Naypyitaw on Monday, Myanmar’s State Counselor […]

Inflation rate hits 4.29 pc in May

The average inflation rate in late May stood at 4.29 per cent, a slight increase compared with 4.12 per cent in late April, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation. In late May, Mandalay topped the list of inflation with 8.51 per cent, followed by Rakhine with […]

High potential of Myanmar Economy

The topic of economic transformation in Myanmar was thoroughly discussed at the Forum on Myanmar Democratic Transition held from 11 to 13 August 2017 in Nay Pyi Taw. The talks could generally be summed up that despite the slow economic take-off in Myanmar, the good potential of the Myanmar economy will be seen in the […]