Moderate level of inflation good for economy, say economic experts

A moderate level of inflation is good for the economy, whereas deflation has a negative impact on the country’s economy at a particular level, said U Maung Maung Win, deputy minister for Planning and Finance. What is important is to exert efforts to effectuate the development in economy, boost the livelihood of people and scale […]

WTO slams inefficient state-run firms

The losses of state-owned businesses amount to 5 per cent of the country’s gross domestic product as they spend 75 per cent of the government’s budget, according to the World Trade Organisation (WTO). The WTO held a workshop on its first trade policy review in Kandawgyi Palace Hotel in Yangon on January 23. It is […]