Myanmar Economy
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Myanmar Currency Drops 60%, Economy Plummets After Military Coup
Myanmar's currency, the kyat, has lost more than 60% of its value since the beginning of September, in a collapse that has driven up food and fuel prices, within an economy that has tanked since a military coup eight months ago.
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3 Protesters Killed As Myanmar Workers Go On Strike
Three anti-coup protesters were shot dead in Myanmar on Monday as demonstrators across the country sought to paralyse the economy with strike action following a weekend of night raids and arrests.
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Shops And Factories Closed, Sarongs Waved As Protests Intensify In Myanmar
Shops, factories and banks were closed in Myanmar's biggest city Yangon on Monday after major trade unions called for a shutdown of the economy as part of the uprising against the country's military rulers.
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RSS 'Diwali Baithak' To Discuss Economy, Rohingya Issue And Cow Vigilantism
The state of the economy, exodus of Rohingyas from Myanmar and violence by self-styled cow vigilantes are some of the issues likely to be discussed at the three-day meeting of the Rashtriya Swayamsevak Sangh or RSS in Bhopal beginning today.
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India-Myanmar Road Pact in March to Boost Economy: Nitin Gadkari
India will sign a road agreement with Myanmar and Thailand in March next in an attempt to link the North-East to the two East-Asian countries, Union Road Transport and Highways Minister Nitin Gadkari said today.
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Indian Consumers Second Most Optimistic in Asia Pacific: Study
According to the MasterCard consumer confidence index, the country scored 91.6 in the index which is calculated with zero as the most pessimistic and 100 as the most optimistic, while Myanmar's score is 97.2.
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PM Modi's 'Make in India' Pitch Gets Thai Prime Minister's Support
Prime Minister Narendra Modi's strong 'Make in India' pitch today got the full support of his Thai counterpart Gen Prayut Chan-o-cha who said this concept can also be applied to drive the economy of his country.
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Myanmar Grants First Licences to Foreign Banks in Decades
Myanmar's central bank on Wednesday announced that it had granted "preliminary approval" for nine foreign lenders to operate in the country for the first time in decades, the latest tentative opening of the long-isolated economy.
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FTA to Help Indian Service Providers Gain Higher Market Access: Industry Body
India has signed the free trade agreement (FTA) in services and investments with 10-member ASEAN, paving the way for freer movement of professionals and further opening opportunities for investments, an official said yesterday.
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In Myanmar Shops, Old Tyres Find Many New Lives
The air in the dark, dingy room is thick with the acrid smell of rubber. Aung Nyunt and a half-dozen other workers toil away there day and night, turning discarded tyres into flip-flops, buckets and hard-to-find spare parts for used cars.
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Myanmar Needs Broad Reforms to Keep Growth Rapid: International Monetary Fund
The International Monetary Fund said Myanmar's economy is expected to build on already rapid growth but that momentum was at risk unless broad reforms are undertaken.
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Ditching Clunkers, Car Imports Drive Myanmar Oil Demand
Myanmar businessman Lay has doubled the number of cars he owns to six in just three years, as reforms in Southeast Asia's poorest country unleash a wave of consumer spending.
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Switzerland, Norway are world's most expensive economies
The economies with the lowest prices are Egypt, Pakistan, Myanmar, Ethiopia and Laos, according to a review of economic data which seeks to compensate for exchange rate effects and measure spending power across countries.
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IMF flags risk of 'middle-income trap' in emerging Asia
Middle-income Asian economies enjoy better growth prospects than countries in other parts of the world but they must improve government institutions and liberalise rigid labour and product markets if they wish to reach the level of developed countries, the International Monetary Fund (IMF) said on Monday.
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Hydro power production down 3% due to delayed monsoon: NHPC chairman
As the monsoon continues to worry the agriculture sector and so the policy makers, the biggest immediate concern is for the hydro power sector. Country’s flagship hydro power company NHPC said that because of the delayed and weak monsoon, the hydro power production in the country is down by about 5 per cent. Though there is no need to press the p...
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Myanmar Currency Drops 60%, Economy Plummets After Military Coup
Myanmar's currency, the kyat, has lost more than 60% of its value since the beginning of September, in a collapse that has driven up food and fuel prices, within an economy that has tanked since a military coup eight months ago.
-
3 Protesters Killed As Myanmar Workers Go On Strike
Three anti-coup protesters were shot dead in Myanmar on Monday as demonstrators across the country sought to paralyse the economy with strike action following a weekend of night raids and arrests.
-
Shops And Factories Closed, Sarongs Waved As Protests Intensify In Myanmar
Shops, factories and banks were closed in Myanmar's biggest city Yangon on Monday after major trade unions called for a shutdown of the economy as part of the uprising against the country's military rulers.
-
RSS 'Diwali Baithak' To Discuss Economy, Rohingya Issue And Cow Vigilantism
The state of the economy, exodus of Rohingyas from Myanmar and violence by self-styled cow vigilantes are some of the issues likely to be discussed at the three-day meeting of the Rashtriya Swayamsevak Sangh or RSS in Bhopal beginning today.
-
India-Myanmar Road Pact in March to Boost Economy: Nitin Gadkari
India will sign a road agreement with Myanmar and Thailand in March next in an attempt to link the North-East to the two East-Asian countries, Union Road Transport and Highways Minister Nitin Gadkari said today.
-
Indian Consumers Second Most Optimistic in Asia Pacific: Study
According to the MasterCard consumer confidence index, the country scored 91.6 in the index which is calculated with zero as the most pessimistic and 100 as the most optimistic, while Myanmar's score is 97.2.
-
PM Modi's 'Make in India' Pitch Gets Thai Prime Minister's Support
Prime Minister Narendra Modi's strong 'Make in India' pitch today got the full support of his Thai counterpart Gen Prayut Chan-o-cha who said this concept can also be applied to drive the economy of his country.
-
Myanmar Grants First Licences to Foreign Banks in Decades
Myanmar's central bank on Wednesday announced that it had granted "preliminary approval" for nine foreign lenders to operate in the country for the first time in decades, the latest tentative opening of the long-isolated economy.
-
FTA to Help Indian Service Providers Gain Higher Market Access: Industry Body
India has signed the free trade agreement (FTA) in services and investments with 10-member ASEAN, paving the way for freer movement of professionals and further opening opportunities for investments, an official said yesterday.
-
In Myanmar Shops, Old Tyres Find Many New Lives
The air in the dark, dingy room is thick with the acrid smell of rubber. Aung Nyunt and a half-dozen other workers toil away there day and night, turning discarded tyres into flip-flops, buckets and hard-to-find spare parts for used cars.
-
Myanmar Needs Broad Reforms to Keep Growth Rapid: International Monetary Fund
The International Monetary Fund said Myanmar's economy is expected to build on already rapid growth but that momentum was at risk unless broad reforms are undertaken.
-
Ditching Clunkers, Car Imports Drive Myanmar Oil Demand
Myanmar businessman Lay has doubled the number of cars he owns to six in just three years, as reforms in Southeast Asia's poorest country unleash a wave of consumer spending.
-
Switzerland, Norway are world's most expensive economies
The economies with the lowest prices are Egypt, Pakistan, Myanmar, Ethiopia and Laos, according to a review of economic data which seeks to compensate for exchange rate effects and measure spending power across countries.
-
IMF flags risk of 'middle-income trap' in emerging Asia
Middle-income Asian economies enjoy better growth prospects than countries in other parts of the world but they must improve government institutions and liberalise rigid labour and product markets if they wish to reach the level of developed countries, the International Monetary Fund (IMF) said on Monday.
-
Hydro power production down 3% due to delayed monsoon: NHPC chairman
As the monsoon continues to worry the agriculture sector and so the policy makers, the biggest immediate concern is for the hydro power sector. Country’s flagship hydro power company NHPC said that because of the delayed and weak monsoon, the hydro power production in the country is down by about 5 per cent. Though there is no need to press the p...
