Remittances in Myanmar: Recent Developments and Outlook
This analytical note provides an overview as well as the recent remittances developments in Myanmar post-COVID-19.
This analytical note provides an overview as well as the recent remittances developments in Myanmar post-COVID-19.
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.
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.
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.
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?
Myanmar’s economy has picked up in FY18/19 after slowing down during the six-month transition in FY18, supported by an improvement in business sentiment amid renewed reform momentum.
Myanmar’s economy has picked up in FY18/19 after slowing down during the six-month transition in FY18, supported by an improvement in business sentiment amid renewed reform momentum.
Myanmar’s economy has picked up in FY18/19 after slowing down in the six-month transition in FY18 before the new fiscal year.
Myanmar has been transitioning to a more open and market-oriented economy over the past years.
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.