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The economy of Myanmar is the seventh largest in Southeast Asia. [6] After the return of civilian rule in 2011, the new government launched large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. [7]
In December, the World Bank had projected Myanmar's economy would grow by around 2% during the current fiscal year, after estimated GDP growth of 1% in the year that ended in March 2024. "The ...
Myanmar was a rising star in Southeast Asia before its military seized power three years ago in a takeover that has brought civil strife and a tightening vise of international sanctions, undoing ...
(Reuters) -Myanmar's military-appointed authorities are doing their best to revive an economy in turmoil since a February coup and stabilise the kyat currency, a minister told Reuters on Tuesday ...
During the 2018 ASEAN summit, State Counsellor Aung San Suu Kyi called on businesses to invest in Myanmar. She delivered a keynote speech, inviting foreign entities to invest in the country’s priority sectors (including agriculture, food processing, fisheries, export promotion, import substitution, energy, logistics, education, healthcare and construction), saying that investing in Myanmar ...
China-Myanmar Economic Corridor (CMEC) is a number of infrastructure projects supporting connectivity between Myanmar and China. It is an economic corridor of the Belt and Road Initiative . [ 1 ] [ 2 ] [ 3 ]
The authorities in Myanmar destroyed more than $446 million worth of illegal drugs seized from around the country to mark an annual international anti-drug trafficking day on Monday, police said.
Domestic and foreign joint ventures were also abolished except Myanmar Citizens' Bank Ltd. and Myanmar Inspection and Testing Services Ltd. The Ministry of Commerce created a motto of Advance Forward Through Commerce and it has been conducting various activities for the development of the national economy.