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.
She also told her fellow delegates that much of Burma’s recent success was down to her government’s policy of ensuring “a level playing field”.
Business Economy Lead Story News
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.
Education Feature Lead Story News
Education reform in Burma is underway — and not a moment too soon.
Business Economy Lead Story News
Burma’s lack of skilled labour is one of the major hurdles facing the country’s economy, according to Thai academics.
A new report by economists representing ANZ Bank says that greater economic integration could see ASEAN replace China as the world’s leading manufacturing centre over the next 10–15 years, and[…]
Business Dawei Environment Land Lead Story News
The the presence of the project is already undermining local agricultural and fishing livelihoods, a new report by the Tavoyan Women’s Union claims.
Burma’s Vice-president Sai Mauk Kham, in a meeting with Arakanese locals in state capital Sittwe last week, said the steady decline of GDP in Arakan could be attributed to the[…]
Following the approval of the Special Economic Zone (SEZ) Law by Burma’s Parliament on 23 Jan, Maung Aung, advisor to the Trade Minister, said the creation of SEZs should be[…]
Business DVB Debate Lead Story Video
Even though the growth index is positive in Burma, the country’s economy is still driven by entrepreneurs who have connections to those in power. A recent World Bank report warned that conditions were ripe for high inflation. The latest DVB Debate discussed measures to tackle the Burmese economy.
The looming threat of religious violence in Rangoon is beginning to take its toll on the economy, after authorities force businesses to close early and residents are too scared to venture outside their homes
As Burma opens up to the world, experts warn the sharks and cowboys among the many frontier investors converging on the scene could exploit the impoverished nation
Singaporean foreign minister also calls for end to western sanctions ‘damaging’ ASEAN as 2015 target for economic integration approaches
Burmese government seeks assistance from world financial body to adjust its foreign exchange rates in bid to boost economy
Government’s culpability in deteriorating fiscal conditions is ‘worse than thought’ after figures reveal that economy should be 20 percent healthier
Apr 7, 2009 (DVB), Whilst world leaders gathered in London last week to discuss ways to combat the global economic crisis, the Burmese prime minister surprised listeners at home with[…]
Bridges over major rivers can transform local, as well as national, economies. But not everyone is in favour of building a $168 million bridge linking the congested downtown of Yangon with the poor and rural township of Dala to the south.
Lead Story News Technology & Science
Burma’s hardline monks will dodge bans on Facebook and keep using the social media giant to “tell the truth,” they said on Friday, after it barred several Buddhist nationalists for hate messages targeting Rohingya Muslims.
Finance Lead Story News Politics
Burma’s president on Monday nominated 80-year-old Soe Win, a well-known financial professional, as the next finance minister after the previous one resigned, amid reports he was being investigated over graft accusations.
Burma’s Finance Minister Kyaw Win has resigned, weeks after local media first reported he was under investigation for alleged corruption.
Foreign Affairs Lead Story News
The Thai junta is struggling to combat perceptions that it over-promised and has thus far under-delivered, four years after it seized power in a bloodless coup.
Foreign Affairs Lead Story News
Mahathir Mohamad was sworn in as Malaysia’s seventh prime minister on Thursday after a stunning election comeback, defeating the coalition that has ruled the nation for six decades since independence from Britain.
She told the Security Council members ‘please bring to our notice any infringement of these laws and we will do whatever is necessary to take the action’.
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Burmese civil society groups on Wednesday welcomed a commitment by Facebook Chief Executive Mark Zuckerberg to increase efforts to curb messages inciting violence, but urged the social media giant to deploy more resources in the Southeast Asian country.
Burma’s de facto leader Aung San Suu Kyi called on Sunday for her people to remain united, saying the Southeast Asian country faces “challenges” at home and abroad, as she marked two years since her party swept to power in a historic vote.
Ride-hailing firm Uber Technologies Inc. has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said on Monday, marking the US company’s second retreat from an Asian market.
Foreign Affairs Lead Story News
China on Monday unveiled its largest defence spending increase in three years, setting an 8.1 percent growth target this year, fuelling an ambitious military modernisation programme and making its neighbours nervous.
Business Economy Lead Story News
Burma has fallen short of its projected economic growth rates for the past two fiscal years, Minister for National Planning and Finance Kyaw Win acknowledged during a joint session of Parliament on Monday.
Burma’s short-term business confidence dropped to 49 percent in 2017 from 73 percent a year ago, according to a survey.
The delay of the much-anticipated reform comes as Suu Kyi faces criticism that she has neglected economic reforms.
