Myanmar needs better policy to retain healthy economic development
As Former World Bank Chief Economist Joseph Stiglitz said to news reporters from CNBC that Myanmar has all the opportunity to get all income proceeds generated from the sale of its oil and gas depots into a sovereign wealth fund to help the country from plunging into a resource curse and thereby wealth will be [...]
For the first quarter of 2012, an awe-inspiring 270 million U.S. dollars of investment in Myanmar was reached. The participation of eight foreign countries which includes China within this period have mostly made investment in oil and gas depot with an amazing 247 million dollars, and 20 million dollars in mining sector as reported by [...]
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According to IMF, Myanmar would be successful in boosting its economy and the progress of the nation is on its way to recovery if the right principles and regulations go with it. The release of its annual IMF Article economic consultation report just proved its success on its reform towards its economy. Meral Karasulu who [...]
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At long last Myanmar will completely open its insurance market for private underwriters for them to establish their own insurance operations in the country after its closure in 1963 where a number of 78 different foreign insurance companies have carried out such business deals. The invitation for the application was posted and announced by the [...]
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Diplomats of European nations said that the various sanctions imposed in Myanmar will be suspended one year for the time-being by the governments of European Union in acknowledgement and recognition of the government’s effort in implementing different reforms particular in economic and political transformation. Western Union representatives have agreed on this matter last Wednesday and [...]
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All trips going to Myanmar begins in Bangkok embassy where a long queue of people can be seen and documents are not processed immediately because you have to come back in the afternoon for your visa. With this new reforms, all direct flights from Phuket has been stopped until further notice is given and also [...]
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Coming up with a decisive decision concerning on the issue of its exchange rate is what Myanmar is focusing now that it is asking for support and aid in its economic relationship with the Western countries. There is a need to stop the increasing rate of kyat which goes further on the rate of 800 [...]
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Myanmar has all the chances to uplift and improve the standard of living of its citizenry. With the start of progression and development in the country, the exchange rate could serve as a restriction as confided by the International Monetary Fund. It was last Wednesday that the completion of a two-week mission by the Washington-based [...]
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I am delighted to hear that British Bank will be returning our country to invest their banking business. Having looked at the news on Burmese online I had also commented with a few lines but it clicks something in my mind that I should share this information with all readers especially, young generations. Our country [...]
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Myanmar faces the petrol prices increased rapidly on the New Year Day of 2012 which the prices rose up to 34 per cent by the government-owned petrol supply, according to news reported by Monster and Critics, citing from Myanmar’s official announcement Sunday. According to the report, petrol price cost 3,350 kyat in Myanmar currency per [...]
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