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EU’s threat to scrap trade preferences spurs Myanmar’s reforms

Economic reform is getting a second wind in Myanmar as the government tries to lure back foreign investors scared away by reports of human rights abuses against the country’s Rohingya Muslim minority. The government has announced the easing of restrictions on foreign banks and the creation of a new ministry to oversee foreign investment in […]

World Bank cuts Myanmar’s growth forecast to 6.2%

The World Bank has revised downwards its forecast for Myanmar’s economic growth by 0.5 percentage points to 6.2 percent in the fiscal year 2018-19. The World Bank East Asia and Pacific economic update released this month downgraded Myanmar’s GDP growth projections from the previous forecast, saying seasonal floods, rising cost, inflationary pressures and the Rakhine […]

Brokers’ Call: Yoma Strategic Holdings

Despite some disappointment on Myanmar’s economic growth, we believe Yoma remains the best proxy of a potential economic turnaround in Myanmar with the new government in place. With its diversified portfolio in property, consumer and automotive sectors, Yoma is well placed to tap into the growth. Potential catalysts include recovery in Myanmar’s property market and […]

Myanmar tries to rekindle enthusiasm for tepid stock market

Tax cut unveiled in hopes of attracting new listings on YSX YANGON — Initial fanfare has given way to a sleepy quiet on Myanmar’s Yangon Stock Exchange, which has just four listed names after a year and half of trading, as a lack of seasoned investors dissuades potential listings. The YSX Expo, held at a […]

Myanmar tycoon says economy neglected by Suu Kyi’s government

Myanmar tycoon Serge Pun, one of the wealthiest men in Asia, said on Thursday the government led by Aung San Suu Kyi has neglected the nation’s much-needed economic reform. Pun, head of property-to-banking conglomerate First Myanmar Investment 00001.YG, urged authorities to give more attention to growth in one of the region’s poorest countries. He said […]