Myanmar News » Yangon News Myanmar » Yangon » Economy: Myanmar's economy to shrink as floods compound crisis, says World Bank
YANGON: Myanmar's economy is expected to shrink by 1% in the current fiscal year, the World Bank said on Wednesday (Dec 11), sharply downgrading its economic forecast as severe floods compounded the ...
News Myanmar » Yangon » Economy: Myanmar's economy set to contract as floods and fighting take heavy toll, the World Bank says
BANGKOK — Myanmar’s economy is forecast to contract this year, the World Bank said Wednesday, as flooding and fighting take a severe toll nearly four years after the military ousted its elected ...
News Myanmar » Yangon » Economy: ‘Riding a rollercoaster’ in Myanmar’s post-coup economy
Bangkok/Yangon – For Aung Thet, a successful entrepreneur in Yangon, running a business under Myanmar’s military regime feels like “riding a rollercoaster”. The Southeast Asian country’s economy has ...
News Myanmar » Yangon » Economy: Fuel shortage in crisis-hit Myanmar deepens daily hardship, raises food security concerns
Motorists are forced to queue up to six hours for fuel or pay more on the black market, while farmers lack fuel to operate machinery and harvest crops.
News Myanmar » Yangon » Economy: Myanmar’s food security in crisis as fuel, fertiliser shortages threaten fragile economy
Rising fertiliser costs and fuel rationing have affected farmers' productivity, but Myanmar has little capital to replenish these stocks Myanmar's weak economy is being brutally exposed to the fuel ...
News Myanmar » Yangon » Economy: Myanmar urges Timor-Leste to refrain from actions and statements that could harm its image
YANGON: The Ministry of Foreign Affairs on June 3 urged Timor-Leste to refrain from making misleading statements that could damage Myanmar's image.
News Myanmar » Yangon » Economy: Toyota opens new Myanmar plant put on hold following coup
Toyota Motor Corp. said on Wednesday it had begun assembling cars at a new plant in Myanmar that was put on hold for more than 19 months after a military coup and during the coronavirus pandemic.
News Myanmar » Yangon » Economy: Myanmar Elections Could Spur Global Business Appetites, But Will They Be Legitimate?
Myanmar’s long-delayed elections are ready to begin on Dec. 28, and neighboring countries are looking for more secure economic ties. Before the coup, the export sector was seen as harbinger of ...