Written by Published in Economy
 Myanmar is on the slow path to industrialization. Deputy Minister of National Planning and Economic Development, Daw Lei Lei Thein. Photo: MNA

The second stage of Myanmar’s long-term economic plan to become an industrialised nation will soon be presented to parliament, the Deputy Minister of National Planning and Economic Development, Daw Lei Lei Thein told Mizzima on December 8.

Written by Published in Economy

Singapore (AFP) - Oil rebounded in Asia on December 3 as dealers consolidated positions and awaited the latest US crude stockpiles report for fresh leads following sharp falls due to a supply glut, analysts said.

Written by Published in Economy
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Myanmar's tourism strategy envisages 5 million arrivals in 2015. Foreign tourists view the ancient pagoda in Nyaung-U by hot air balloon on January 14, 2014. Photo: Nyain Thit Nyi/Mizzima

Myanmar has seen a five-fold increase in tourism income over the last decade with the sector pulling in US$905 million in 2014, according to a report on the sector, released on November 30 from the Ministry of Hotels and Tourism.

Written by Published in Economy

Singapore (AFP) - Oil prices fell further in Asia on December 1 to new multi-year lows, continuing a steep sell off sparked by OPEC's decision to maintain crude output in an oversupplied market.

Written by Published in Economy

The ‘Putinization’ of Myanmar’s economy

For anyone wanting to gain an understanding of whether Myanmar’s economic reforms are real, the European Parliament Committee Meeting held in Brussels on November 6 provided some useful insights.

Written by Published in Economy
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Malaysia's Petronas Twin-Towers are illuminated in pink during a breast cancer awareness campaign in Kuala Lumpur, Malaysia, 19 October 2013 evening. Photo: EPA/AHMAD YUSNI

Kuala Lumpur (AFP) - Malaysians have a passionate love affair with their lip-smacking cuisine -- rich curries, succulent fried chicken, buttery breads and creamy drinks -- but it is increasingly an unhealthy relationship.