Magway cattle prices drop
Falling demand from Chinese buyers has sent Magway region cattle prices into a slump. Cattle farmers at Magway’s Myothit cattle market have reported a price drop of as much as MMK 300,000 per animal, with fewer buyers than ever, reported Mizzim
Government seeks to boost mining with new foreign permits
The Myanmar government will soon issue a wave of mining permits to foreign investors as it seeks to revitalize the industry. Starting in 2020, foreign firms will be allowed to explore and mine large-sized tracts of 500,000 acres, according to the Mya
Inflation reaches 8 percent
Myanmar’s inflation levels reached 8.53 percent in August, up from 6.94 percent at the beginning of the year, according to Myanmar’s Central Statistical Organisation. According to official figures, the average inflation rate for the previ
Myanmar economy may expand as high as 7.1%
Myanmar’s economy has been growing and will continue to grow, says a report by the ASEAN+3 Macroeconomic Research Office (AMRO). The economy expanded by 6.8 percent in the 2018-2019 fiscal year, the report said, up from 6.5 percent in the previ
Rice floor price to remain MMK 500,000 per basket
The Myanmar government will maintain its minimum rice price to protect farmers from market fluctuations. The rice floor price, or reference price, will remain at MMK 500,000 per basket through 2020. The announcement came from the Leading Committee fo
