Inflation hits year-high in December 2019
Myanmar’s Central Statistical Organization (CSO) released the latest inflation figures for 2019 showing that the annual rate of inflation in Myanmar, based on the Consumer Price Index, stood at 8.81 percent in December. The average inflation ra
New law aims to reduce imports
The Myanmar parliament has passed legislation designed to limit foreign imports, boost domestic manufacturing and strengthen the Myanmar kyat. The new law calls for the formation of a new Committee for Preventing an Increased Quantity of Imports (und
Kyat begins new year high
After a long season of inflation, the Myanmar kyat ended 2019 at its highest level for the year. The currency strengthened to 1479 kyat per one US dollar after spending most of the year in the mid 1500s. A Myanmar Times analysis attributes the bump t
