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Global Financial Crisis and Burma

Economic crisis hits Burmese migrants

Several Burmese migrant workers in Thailand have been forced to return home, after being laid off by companies that are reeling under the impact of the global financial meltdown. Moe Swe from Yaung Chi Oo, a group based in Thailand’s Mae Sot town
Last Updated ( Monday, 16 March 2009 12:36 )

Ad industry in Burma in doldrums

The global economic meltdown has dealt a body blow to the advertisement industry in Burma which has recorded a slump of 25 pert cent, sources in companies said. "It is not as healthy as before after the global recession. It has fallen by 25 pert cent," '21 Advertising Co.'

NLD's discourse on the economy

Burma's main opposition party – Natioal League for Democracy – on Tuesday held a rare discusssion on 'Economics' to increase awareness in the new generation about the economy in general.
Last Updated ( Tuesday, 10 February 2009 18:06 )

Rangoon factories begin cutting jobs

Claiming at least 3000 jobs last week, many of Rangoon's factories have begun laying off a large number of workers, due to the effect of the current global financial meltdown, which has resulted in lower orders by overseas markets for businesses.
Last Updated ( Thursday, 05 February 2009 17:54 )

China slow down hits Burmese mining

Like most other sectors that earn Burma hard currency, the mining sector is likely to crash given the slow down in China, which has dramatically brought down mineral and metal prices...
Last Updated ( Monday, 02 February 2009 14:19 )

Junta struggling to keep state budget afloat

Experiencing increased pains related to the global financial crisis, Burma's military government is struggling to maintain a solvent state budget, seemingly exploiting every option available to them ...
Last Updated ( Monday, 12 January 2009 11:18 )

Thirty more firms financing Burmese junta

The lack of effective sanctions on Burma's military rulers has allowed business firms to invest in the Southeast Asian nation providing millions in revenue to the regime, which faces international condemnation given its appalling human rights record, a campaign group said on Thursday.

Burmese fishery export hit hard

An official from the Myanmar Fishery Department said that exports of fishery products to Bangladesh have fallen by about fifty percent, while the price has suffered a ten percent hit.

Garment workers hit hard by global economic turmoil

Some garment factories in the Hlaing Tharyar industrial zones in Rangoon have reduced their workforce in the face of declining foreign demand, while laborers are struggling to earn a sufficient income with fewer orders to fill.
Last Updated ( Wednesday, 19 November 2008 20:56 )

Remittances take a hit, as Singapore's economy slumps

Over recent years, millions of Singapore dollars have found their way to Burma through the Burmese remittance system, the nexus of the operation being run out of shops and human resources agencies in the heartland of the Lion City.
Last Updated ( Monday, 17 November 2008 18:49 )
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