Myanmar needs investment and development to compete in the export market
Myanmar used to be a major exporter of many products – from rice to clothing to its world-famous red rubies. But crippling sanctions left the country with few willing buyers aside from China and India who just wanted fuel or food. That looks set to change with the US about to lift restrictions on exports from the country. More…
Many home appliance centers have shut down, while many new investors still have joined the market.
Commenting about the business performance in the first six months of 2012, Nghiem Xuan Thang, Managing Director of Tran Anh Digital World Company, said the purchasing power has decreased continuously since mid 2011. As for Tran Anh distribution chain, the sales in the first half of the year increased only by 6.3 percent in comparison with the same period of 2011. The growth rate is considered modest for such a big distribution chain, which has opened a new supermarket in Long Bien district in Hanoi. More…
Sri Lankan Rupee
Loans to business from Sri Lanka’s commercial banks rose 34.5 percent to 2,005.9 billion rupees in the year to December 2011, with credit to the state hitting a new monthly high, official data showed.
Credit to business in December remained at a high 60.2 billion rupees in December 2011, slightly lower than the 63.2 billion rupees in November but state credit hit a new high of 52.9 billion rupees up from 32.1 billion rupees a month earlier. More…
