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As the Burmese kyat stabilises, the price of gold goes up. World Bank predicts lower growth in Burma; EU signs trade deal with Burma; and more.
Tagged: world bank
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Burmese economic growth stymied by flooding: World Bank
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’.
Business Weekly
Read the latest business and banking updates straight from Burma.
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Business Development Lead Story News
Burma’s electricity grid receives World Bank boost
The World Bank has approved a US $400 million interest-free credit to support the Burmese government’s expansion of the national electricity grid.
Oil and gas experts predict Burmese boomtown
Despite the slump in energy prices, oil and gas fields in Burma will soon be the busiest in Asia as investors begin to ratchet up their explorations.
Business Business Weekly Lead Story News
Business weekly 3 July
This week in business; Coca-Cola defends claims of links to military company, the Thilawa Special Economic Zone steams ahead and KFC opens in Rangoon.
Business Weekly Development Lead Story News
Business weekly 24 April
In business this week: historic Wold Bank funding package; foreign investment double that of last year; Thilawa SEZ to open imminently.
Development Lead Story News Trade
World Bank presents historic funding package for Burma
The World Bank on Thursday announced a new funding package for Burma, in it’s first full framework for the country since 1984.
Burma posts record year for foreign investment
Burma attracted US$8.01 billion in foreign direct investment in the last fiscal year, with oil and gas the leading sector.
Interview International Lead Story News Video
DVB talks to World Bank’s new Burma chief, Abdoulaye Seck
DVB Interview International’s Alex Bookbinder sits down with Burma chief Abdoulaye Seck, to discuss how the World Bank has progressed since its 2012 reengagement with the Burmese government.
Analysis Contributor Land Lead Story News
Protecting profits over people
Burma’s National Land Use Policy must first address the discrepancies between protecting vulnerable peoples’ land use rights and claims before creating an enabling investment environment.
Business Weekly Lead Story News
BUSINESS WEEKLY 28 NOVEMBER 2014
China Burma sign US$ 7.5 billion deal; Garuda Airlines and MAI sign code-sharing agreement; Foreign investors invited to consider SEZ projects; Japan, Thailand ‘hesitating’ on Dawei
Business Development Lead Story News
Rice price volatility in Burma must be addressed, says World Bank
The price of rice in Burma has increased by 41 percent in four years, much higher than rivals Thailand and Cambodia. This has led to a decrease in Burmese rice exports and food security at home.
Business Weekly Lead Story News
BUSINESS WEEKLY 7 NOVEMBER 2014
Burma- China border trade fair planned for December; MREA to introduce wind power plants; Colgate buys out Laser toothpaste; Singaporean firm wins Hanthawaddy airport deal; YSEB to list as public company
Business Weekly Lead Story News
BUSINESS WEEKLY 17 OCTOBER 2014
Tourism in Karen and Mon hit hard by renewed conflict; Master Sports auction fetches $300,000; World Bank backs maternal & infant health care in Burma; Hong Kong mining firm gets exploration license in Shan State.
Business Weekly Lead Story News
BUSINESS WEEKLY 10 OCTOBER 2014
World Bank to loan US$100 million for Irrawaddy River basin; Burma, Israel sign bilateral trade agreement; Tourists from 67 countries now eligible for E-visas; Thai energy giant fires up coal power plant project
Burma’s growth rate set to hit 8.5 percent: World Bank
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.
Analysis Contributor Lead Story News
Growth at any cost: Strategic direction or tunnel vision?
For those keen to participate in Burma’s uneven process of opening up, uncomfortable compromises have had to be made on all sides. Slow and steady no longer wins the race, says DVB contributor David Baulk.
Business Interview Interview International Lead Story News Video
DVB talks to Vikram Kumar, IFC
Vikram Kumar, the Resident Representative for the International Finance Corporation (IFC) in Burma, spoke to DVB Interview International’s Alex Bookbinder about IFC investments in Yoma Bank and Shangri-La hotels.
Interview Interview International Lead Story News Video
DVB talks to Kanthan Shankar, World Bank
Kanthan Shankar, the country manager for the World Bank in Burma, talks to DVB Interview International about current World Bank and IFC projects in the country.
World Bank to boost Burma’s education system
The World Bank has announced it will provide US$100 million to expand the Burmese Ministry of Education’s School Grants and School Stipends Programme.
Analysis Contributor Development Lead Story News
World Bank Blundering through Burma
The World Bank is revealing how little it knows—or is willing to admit—about Burma’s agricultural sector, writes Rachel Wagley of US Campaign for Burma.
IFC supports privatisation of Rangoon power supply
The IFC will buy a stake in Rangoon’s state run power supplier the Yangon Electricity Supply Board in order to transform the ailing office into a “commercially viable corporate entity”.
Analysis Contributor Development Feature Lead Story
Telecom investments threaten privacy rights in Burma
World Bank support for the fledgling Burmese telecommunications market may well exacerbate civil society concerns.
Thein Sein vows to prioritise access to water, electricity
Burma’s President Thein Sein offered the opening remarks at the 2nd Myanmar Development Cooperation Forum on Monday, pledging to prioritise seven development programmes during the remainder of his term.
Business Development Lead Story News
World Bank pledges $2bn development aid to Burma
World Bank President Jim Yong Kim announces a $2 billion development aid package to Burma for projects such as healthcare and energy supply.
Risky business – Burma improving but still ranked low, say analysts
Burma is singled out as the most improved country in terms of business viability, with strides taken by Thein Sein to address corruption, rule of rule, property rights and corporate governance. Nonetheless, it remains ranked alongside failed states such as Somalia and Congo.
IMF chief pledges support for Burma’s banking sector
International Monetary Fund chief Christine Lagarde has urged Burma to urgently prioritise tackling widespread poverty while pledging assistance to the country’s nascent banking sector.
World Bank lauds Burma’s growth, but warns against inflation
The World Bank says that Burma’s economy is projected to grow at 6.8 percent in 2013/14, rising to 6.9 percent in the medium term. However, it raised concerns about the country’s inflation which hit 7.3 percent in August.
World Bank approves US$140 million electricity loan for Burma
The World Bank on Tuesday approved a US$140 million interest-free loan to boost electricity access in Burma, where over 70 percent of the population live in darkness.
