Can a high level meeting revive decaying peace?
On January 8th, State Counsellor Daw Aung San Suu Kyi and Military officials met with representatives of ten ethnic armed groups to discuss revitalizing Myanmar’s once promising peace process. The Joint Implementation Coordination Meeting (JICM
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
World Bank report praises Myanmar progress
The World Bank’s Doing Business 2020 report ranked Myanmar among the top 20 most-improved business environments. The report evaluates countries based on how easy it is to do business in them. It looks at factors such as access to credit, taxation,
Low growth expected for foreign direct investment
Myanmar is unlikely to see a large increase in foreign investment this year, if any. The Myanmar Investment Commission (MIC) has predicted only USD 5.8 billion of foreign direct investment (FDI) for the 2019-2020 fiscal year, which began on October 1
Foreign investment reported to be on the rise
After a downturn in 2018, foreign direct investment (FDI) is picking up for Myanmar. An analysis by the Institute of Chartered Accountants in England and Wales (ICAEW) forecasts higher FDI. Also, they forecast the Myanmar economy to expand at 6.4 pe
