Established in 2011 by ASEAN+3 Finance Ministers, the ASEAN+3 Macroeconomic Research Office (AMRO) is an international organization that aims to contribute to the macroeconomic and financial resilience and stability in the ASEAN+3 region.
In this interview with Channel NewsAsia, Dr. Jae Young Lee addresses questions on how the COVID-19 pandemic has hit Myanmar’s economy, and how the worsening US-China tensions can affect Myanmar’s growth.
Continue ReadingWatch: Myanmar Economy Hit by COVID-19 but Some Bright Spots Remain
Myanmar’s state-owned banks (SOBs) are currently at a crossroads. Following the opening-up of the banking system, the SOBs have been pushed to catch up with rapidly-growing private banks, many of which have invested in technology, digitizing operations and expanding mobile services.
Continue ReadingCan Myanmar’s State-owned Banks Turn Challenges into Opportunities?
Businesses and the general public in Myanmar are divided on the recent bold policy move to hike electricity tariffs. But the big question is: how can the electricity reform contribute to the country’s development?
The Myanmar’s economy grew by 6.8 percent in FY2017/18 and is expected to expand 7.4 percent in the new FY2018/19 starting on October 1, supported by sustained foreign direct investment inflows, improving investor sentiment, and continuing strong growth in garment exports and domestic consumption.
Continue ReadingMyanmar’s Economy Recovers Backed by Investment and Domestic Consumption, Says AMRO at Press Conference in Yangon