BUSINESS – Burma moves up income bracket

Burma has moved up into the lower-middle income bracket with a Gross National Income (GNI) per capita reaching over US$1,046, according to the World Bank. The institute’s chief economist and senior vice-president said that the GNI remains the “central yardstick” for assessing economic performance and development. The bank’s latest figures show marked economic improvement in many low-income countries, with Bangladesh, Kenya and Tajikistan also moving up with Burma.