10 February 2021 News Briefing
More than 80 detained protesters, arrested in yesterday’s anti-coup demonstration in Mandalay were released this afternoon (Feb 10). Military-run media has described in its news release on Feb 9 “about[…]
As Burma’s economy rebounds, sanctions risk gives some investors pause: IMF
Aung San Suu Kyi’s government is opening the economy and growth is rebounding in Burma, though the possibility of broader Western sanctions over the Rohingya crisis is nevertheless giving some foreign investors pause, according to a senior IMF official.
Govt’s economic policies failing to win investor confidence
Burma’s short-term business confidence dropped to 49 percent in 2017 from 73 percent a year ago, according to a survey.
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IMF sees stronger growth in Burma
The International Monetary Fund on Friday forecast an economic rebound in Burma this year, but said the Rohingya refugee crisis may dampen investment as the country faces international pressure over its treatment of the Muslim minority.
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IMF visits Burma for annual economic checkup
An International Monetary Fund delegation visits Burma this week for an annual economic checkup of a country whose treatment of its Rohingya Muslim minority has put it in the international spotlight.
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Tycoon Serge Pun says economy neglected by NLD government
Burmese tycoon Serge Pun, one of the wealthiest men in Asia, says the government led by Aung San Suu Kyi has neglected the nation’s much-needed economic reform.
International Relations Lead Story News Peace Process
Suu Kyi invites UN chief to Panglong conference
State Counsellor Aung San Suu Kyi met UN Secretary-General Antonio Guterres on Monday and invited him to attend the 21st Century Panglong Conference next week, the Ministry of Foreign Affairs announced.
International Relations Lead Story News
China’s Xi says Belt and Road needs to reject protectionism
Chinese President Xi Jinping on Monday urged major multilateral institutions to join his new Belt and Road Initiative, stressing the importance of rejecting protectionism in seeking global economic growth.
Economy Finance Lead Story News
Central bank governor under fire amid stalled reforms
Kyaw Kyaw Maung, the governor of the Central Bank of Myanmar, was reappointed to the position in 2013 by former president Thein Sein, after previously serving under Burma’s former military junta.
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Burma to reduce resource dependency: German delegation
Burma’s government wants to pursue more sustainable economic development by depending less on resources, says a German business delegation.
INTERVIEW: Burma to push for rural development, equality, says minister-elect
Burma’s first freely elected cabinet in more than half a century will focus on income equality, rural development and boosting budget revenue, the finance minister-elect said in his first interview since being picked for the job.
Dollar black market undermines Burma’s banks
Lenders say they have been forced to turn to unlicensed brokers for scarce dollars to keep the wheels of trade turning.
Vice President unveils first Thilawa plant
Burma’s vice president opened on Wednesday a $1.5 billion manufacturing complex aimed at investment and creating jobs, showcasing government achievements.
2015 Elections Analysis Contributor Lead Story News Politics
OPINION: Beijing looks to strengthen its hand in post-election Burma
Post-election Sino-Burmese relations will be determined by Naypyidaw’s veto power versus Beijing’s hegemonic power, says academic Dr Bryan Pak-Nung Wong.
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US dollar demand rises against weakened kyat
Burmese finance analysts have predicted that the US dollar will continue to strengthen against the kyat until the end of the year, state media reports.
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Business weekly 3 July
This week in business; Coca-Cola defends claims of links to military company, the Thilawa Special Economic Zone steams ahead and KFC opens in Rangoon.
BUSINESS – IMF cautions Burma despite promise of growth
A consultation team from the International Monetary Fund (IMF) who visited Burma through June has cautioned finance officials against the “downside risks” of the country’s development. Such risks include persistent[…]
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BUSINESS WEEKLY 17 OCTOBER 2014
Tourism in Karen and Mon hit hard by renewed conflict; Master Sports auction fetches $300,000; World Bank backs maternal & infant health care in Burma; Hong Kong mining firm gets exploration license in Shan State.
IMF maintains 8.5 percent growth rate prediction
The International Monetary Fund (IMF) emphasized during a regional press briefing on Friday that Burma’s projected growth rate will surpass eight percent for 2014-2015. Jerry Schiff, deputy director for the IMF’s[…]
Burma’s growth rate set to hit 8.5 percent: World Bank
The World Bank estimates Burma’s economic growth rate at 8.5 percent for 2014 and 2015, a figure higher than any other nation it surveyed, including China.
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Burma Business Weekly
Chin SEZs, Thai banking, Shwedagon tourist boom and flights to the Philippines in this week’s Burma Business Weekly.
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Burma Business Weekly
BUSINESS in BURMA THIS WEEK: Ooredoo defends against boycott; Rangoon to get more freight ports, jetties; ADB supports renewable energy in Burma; US govt fines Fokker for breaking sanctions rules.
BUSINESS – Aid for Burma quadrupled in May
Burma received a total of about US$480 million in international aid and loans during the month of May — four times the amount received in April — according to data[…]
Obama champions US role in Burma reform
In a speech on Wednesday, US President Barack Obama pointed to “American leadership” as a driver of democratic reform in Burma.
Infrastructure, skilled workforce are keys to Burmese economic growth
Despite an influx of foreign investment and large resource base, Burma’s exponential growth could be held back by inadequate basic infrastructure and a lack of skilled workers, says an international business analyst.
IMF predicts growth, warns of inflation in Burma
Burma is set to grow 7.5 percent during the current fiscal year, and about 7.7 percent in the next, the IMF said on Tuesday, as services and manufacturing expand in one of Southeast Asia’s fastest-growing economies.
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Business weekly
BUSINESS THIS WEEK: Burma and the Philippines pledge increased trade and investment; Shangr-la plans new hotel in Rangoon; IMF chief pledges support for Burma’s banking sector.
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Business Weekly
BUSINESS IN BURMA THIS WEEK: Hotels open in Naypyidaw for SEA Games; India eyes pan-Asian gas contract; rubber deal signed with Japan; IMF’s Christine Lagarde is en route to Burma; and both Mercedes and Chevrolet plan auto showroom launches in Rangoon.
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BUSINESS WEEKLY
This week: Gold price resettles; ‘Made in Burma’ Nissans on the way; Apple launches in Rangoon; Central Bank considers cutting interest rates; and govt invites tender bids for Kyaukphyu economic zone.
Central Bank eyes decrease in interest rates
Burma’s lending and savings rates are among the highest in the world, but now the Central Bank is weighing up the pros and cons of bringing them in line with international standards.
