Burma’s short-term business confidence dropped to 49 percent in 2017 from 73 percent a year ago, according to a survey.
Lenders say they have been forced to turn to unlicensed brokers for scarce dollars to keep the wheels of trade turning.
Burma’s vice president opened on Wednesday a $1.5 billion manufacturing complex aimed at investment and creating jobs, showcasing government achievements.
Burmese finance analysts have predicted that the US dollar will continue to strengthen against the kyat until the end of the year, state media reports.
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.
Chin SEZs, Thai banking, Shwedagon tourist boom and flights to the Philippines in this week’s Burma Business Weekly.