The World Bank’s prediction that the Burmese economy would grow at some 8.2 percent this year has been slashed in the latest ‘Myanmar Economic Report’.
As Burmese kyat falls, the Central Bank of Myanmar warns foreign currency exchange operators to sell foreign bank notes only within official rates.
ADB predicts 8.3% growth in Burma for 2015; Burma energy drink firm signs Liverpool FC; Chevron inks oil deal; and problems for the shrimp industry.
Burma’s Finance Minister Win Shein confirms a plan to increase the salaries of government workers from April this year.
The World Bank estimates Burma’s economic growth rate at 8.5 percent for 2014 and 2015, a figure higher than any other nation it surveyed, including China.
The Burmese parliament’s upper house passed a bill calling on the government to adopt policies that will control monetary inflation.