Myanmar’s Economy to Start Recovering Early Next Year: World Bank

YANGON—In its latest Economic Monitor report, the World Bank (WB) forecasts that Myanmar’s economy will start a slow recovery in March next year, but warns the country’s poverty rate could increase due to ongoing restrictions to curb the spread of the pandemic in the country. The bank on Wednesday suggested the government focus on relief […]

Myanmar maps out recovery and reform

The Myanmar government is putting the finishing touches on an ambitious new economic recovery and reform plan. To be announced during the current transition period following the Nov 8 elections, it will be part of the strategic plan for the next five years. The “recovery and reform roadmap” will guide the formation of economic policies […]

Myanmar’s Economic Outlook and How Private Equity and Venture Capital Can Make A Difference

As Myanmar concludes voting for its general election, Ascent Capital Partners Pte Ltd (Ascent Capital) takes a look at the road ahead for the country’s economy and how investors will support its continued development and growth. As a long-term private equity investor in Myanmar, Ascent Capital strongly believes in the long-term potential of the country. […]

New Myanmar economic recovery and reform plan to include agriculture improvements

The government is drafting plans to reform the agriculture sector in line with the Myanmar Economic Recovery and Reform Plan (MERRP), which is now being drafted, according to the Ministry of Agriculture, Livestock and Irrigation (MOALI) in a November 18 statement.While the plan has yet to be finalised and made official, MOALI understands it includes […]

Govt drafts new recovery, reform plan for Myanmar economy

The government is drafting a new Myanmar Economic Recovery and Reform Plan (MERRP) after a recent review of the COVID – 19 Economic Relief Plan (CERP), which was rolled out on April 27, U Thaung Tun, Minister of Investment and Economic Relations, said at during webinar organised by AusCham Myanmar last week. “We know that […]