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Economy to improve as Myanmar opens up to foreign investment

Myanmar’s economy is forecast to expand to 6.4 percent in the current fiscal year and pick up to 6.8 percent in the next, according to a report on the economy in Southeast Asia released by the Institute of Chartered Accountants in England and Wales (ICAEW) on Tuesday. The report said that the forecast for Myanmar’s […]

EITI applied in forestry sector for the first time

Myanmar’s forestry sector was included in the Myanmar Extractive Industries Transparency Initiative (MEITI) report for the first time this year. Myanmar is the second country to have its forestry sector included in the EITI. Guided by the belief that a country’s natural resources belong to its citizens, the EITI is the global standard for promoting […]

World Bank Puts Myanmar’s Power Investment Needs at $2B a Year

YANGON—To sustain economic growth, Myanmar needs to invest up to US$2 billion (3.06 trillion kyats) annually in its electricity sector, according to a World Bank report released on Tuesday. In the report, “Myanmar Economic Monitor: Building Reform Momentum”, the World Bank said Myanmar’s economic growth is expected to rise to 6.5 percent in fiscal 2018-19, […]

First Myanmar business environment index published

Businesses in Myanmar are concerned about infrastructure quality and skilled labour availability, the latest report on private sector economic governance reveals. The Asia Foundation has published the Myanmar Business Environment Index 2019 (MBEI), with support from the UK’s Department for International Development (DFID) through the DaNa Facility. The report is a diagnostic tool for government […]

Mining in the Mekong: Myanmar to outperform, Thailand to underperform – report

There is big opportunity, and and also big risk in the Mekong mining sector, according to recently published report. Fitch Solutions Macro Research’s industry analysis maintains the Mekong region will remain underdeveloped and dominated by domestic players in the coming years as foreign investment flows into the sector will be minimal amid a myriad of […]

Visitor growth to Myanmar slows to 2% this year

Growth in passenger numbers in the aviation sector stalls this year, as the humanitarian crisis in northern Rakhine has “discouraged potential visitors”, according to a Singapore-based aviation industry consultancy. The report “Myanmar international aviation: overcapacity as tourism growth slows” was produced by Centre for Aviation (CAPA) last month. Visitor numbers from Western Europe fell by […]

More teacher training needed to head off shortage, report finds

An instructor training course for the extracurricular primary-level education level. The country requires more than 6,500 high school teachers between now and next March, along with over 21,000 middle school teachers and more than 35,000 primary school teachers, according to a report by the National Education Policy Commission in its second report (covering April to […]

MPT has Myanmar’s fastest mobile speeds

Myanmar’s MPT has the fastest internet speeds among the nation’s major mobile operators, according to a new report from Ookla’s Speedtest service. An analysis of the results of user-initiated tests over the Speedtest Android and iOS mobile apps indicates that MPT had an overall speed score of 11.45 during the first half of the year. […]

Uber Offers Solution to Yangon Traffic

Uber Myanmar re­cently released a report by Roland Berger that advocates for the use of ridesharing in Yangon, detailing the positive impacts its could have on the city’s chronic traffic. Compiled by interview­ing over 4,700 riders and drivers, the report con­cludes that ride-sharing, or the use of private cars for the public good, es­sentially, the […]

Twenty-seven new piers planned in Thilawa SEZ by 2020

Construction of 27 piers in Thilawa Special Economic Zone (SEZ) will begin this year for completion by 2020, according to a report in yesterday’s Myawady Daily newspaper. Some piers are used for general cargo while others are designated for specific goods. Five piers are expected to be completed by 2018. Six new piers were established […]