GDP statistics are being tweaked to present a rosy picture of Burma, which remains the third most corrupted country among all Asia Pacific nations.
Investors in Burma hope that positive long term economic trajectories hold, despite short term instability that a potentially transformative general election may bring.
As Burma’s economy steadily grows, a higher percentage of Rangoon’s population are finding themselves with more cash to spend.
Sept 25, 2009 (DVB), Reports that Burma is soon to introduce its largest banknote has been met with concern by economists who fear it will increase inflation in an already[…]
Oct 14, 2008 (DVB), The shortage of low-denomination banknotes is causing inconvenience to businesses and consumers of low-priced goods, according to residents of Rangoon, Mandalay and Meikhtila. Shop owners have[…]
Sep 23, 2008 (DVB), One-kyat banknotes printed with anti-government slogans were distributed in Gyopinkauk township, Bago division, yesterday morning as part of a campaign to protest the actions of the[…]
Jul 9, 2008 (DVB), The World Bank does not have any plans to provide the military regime in Burma with financial assistance, according to Dr Win Naing, a member of[…]
Jan 30, 2008 (DVB), High school students in Htayaw Sakhangyi village, Ma-au Bin township, have been forced to pay money towards new classrooms, causing many poorer students to leave the[…]