China’s State Councilor Wang Yi says infrastructure connectivity is the backbone of the giant Chinese initiative and the two sides should cooperate on the ground.
The Confederation of Trade Unions in Myanmar is proposing to raise the minimum wage from US$3.19 to US$4.78, as a recent survey shows that the cost of living has risen.
The Myanmar government has announced plans to form a single ministry to handle economic programs as well as plans to support private sector growth.
Rice farmers in Myanmar’s Ayeyarwady Region say the government has yet to purchase any of their paddy though the market price has fallen below the government’s minimum.
The Extractive Industries Transparency Initiative says Myanmar has improved accountability for the oil, gas and mining sectors but called for reform to military and state-owned com
The Yangon Stock Exchange says foreign expats will be allowed to trade as it opens up to international markets in order to give stagnating trade a boost.
A new World Bank forecast for East Asia and the Pacific suggests Myanmar will likely see economic growth in the near future despite internal and external risks.
Myanmar’s government has pledged to buy farmers’ paddy rice if the market drops below a certain price; some areas are already reporting prices below the government floor.
South Korean lenders KB Kookmin Bank and Industrial Bank of Korea both say they expect to be approved to offer full banking services in Myanmar soon.
Under the NLD government, inflation has rebounded after an initial fall, while prices have risen steadily. The Irrawaddy’s infographics illustrate key data since 2016.
The two countries have signed a deal to support bilateral trade and investment, setting Singapore up to secure its status as Myanmar’s biggest investor.
On this day in 1968, communist and rebel leader Thakhin Than Tun was betrayed and killed by a comrade after 20 years fighting the Myanmar government.
This week, The Irrawaddy takes the pulse of Myanmar’s democracy, religious freedom and the military’s role in it all, with analyst U Maung Maung Soe and columnist Ko Wa.
China is screening pro-Chinese movies along the route of the proposed oil and gas pipelines to Kyaukphyu in Rakhine State.
Minister U Kyaw Tin says Myanmar, China will undertake their first joint boundary inspection in 24 years; aerial photography to begin in January.