Economy in Myanmar
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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MYANMAR, 2013/09/10
Next amending the 1996 Myanmar Security Law and obtaining loans from Japan and the World Bank, the Thein Sein government declared that the Yangon Stock Exchange would be opened by 2015.
Meanwhile, the World Bank reported that about 75 % of the people has no access to electricity. Is the Yangon Stock Exchange a viable priority for one of the world’s most financially impoverished nations?
The Yangon Stock Exchange is an unwise policy priority for the Thein Sein government; it highlights Burma’s lack of considerate about reform-minded policy making, regulation and globalisation. The Thein Sein government started its second phase of economic reforms during the world financial crisis.
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MYANMAR, 2013/08/28
Myanmar is part the locations being looked at as a new source of foreign labor, however there is no timetable for recruitment, Bureau of Employment and Vocational Training (BEVT) Director-General Lin San-quei (林三貴) said yesterday.
The comments came next reports that the bureau, which is under the Council of Labor Affairs (CLA), will begin recruiting workers from Myanmar in 2014.
Lin said that Taiwan has been experiencing industrial shift in the completed few years, resulting in growing request for foreign labor. In light of a potential shortage in this area, the bureau is looking for new sources, inclunding in Sri Lanka, Myanmar and Thailand.
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MYANMAR, 2013/06/24
Myanmar has the potential to quadruple the price of its economy to US$200 billion by 2030 if it presses on with reforms, embraces technology and shifts away from agriculture, a study said Thursday.
The country, whose economy was stifled by decades of corruption and mismanagement under the former junta, could add 10 million jobs and lift 18 million people out of poverty, according to consultants at the McKinsey World Institute.
“There is everything to play for — but as well a major risk of disappointment,” the statement said, warning the government's task is to continue economic and political reforms in the face of major social challenges.
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MYANMAR, 2013/05/01
Down Pyay Road, among a huge traffic-jam, children walk between old Japanese cars in the stifling heat and humidity.
Like in other cities of emerging Asian nations, the children walk through the busy streets to sell soda cans and jasmine flower bouquets that are supposed to help cool down the inside of cars not equipped with air-conditioning.
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MYANMAR, 2013/03/29
His welcome in Europe, Australia and New Zealand illustrates the dramatic change in world perceptions with respect to Myanmar over the last two years. The reforms set in train by Thein Sein’s government are not assured of success. Still, there is no doubt the reforms have garnered significant attention and raised domestic and international hopes.
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MYANMAR, 2013/03/27
His welcome in Europe, Australia and New Zealand illustrates the dramatic change in world perceptions with respect to Myanmar over the last two years. The reforms set in train by Thein Sein’s government are not assured of success. Still, there is no doubt the reforms have garnered significant attention and raised domestic and international hopes.
