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.
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’.
Read the latest business and banking updates straight from Burma.
The World Bank has approved a US $400 million interest-free credit to support the Burmese government’s expansion of the national electricity grid.
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.
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.