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NEWS UPDATES Asean Affairs    July 18, 2017  

UMFCCI suggests a boost needed to Myanmar economy

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and its associate members will submit suggestions to the State in the first week of August on how to improve the Myanmar economy over the next 12 months, according to state media.

Ye Min Aung, the vice president of UMFCCI, said the Myanmar economy was lagging, in comments reported by the Global New Light of Myanmar on July 15.

He said the representatives engaged in different industries need to put forward the suggestions about country’s economy to UMFCCI by 27 July in a bid to have a smooth flow in business. The suggestions include amendment of some facts on the custom duty and taxes and minimising office procedures and the barriers in businesses.

Ye Min Aung said the government’s smart intervention is needed because some businesses are required to control with regulations whereas some need deregulation.

“We need to focus on the stability of a macro economy in order to control the exchange rate and inflation by laying down monetary policy and fiscal policy. It is of vital importance that we need to analyse the strengths and weaknesses of the country and have to exert efforts to promote international trade,” he said, according to the report.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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