Arab Today, arab today myanmar\s president says country facing hardship
Last Updated : GMT 05:39:27
Arab Today, arab today
Arab Today, arab today

Myanmar\'s president says country facing hardship

Arab Today, arab today

Arab Today, arab today Myanmar\'s president says country facing hardship

Yangon,Maynmar - Spa

Myanmar's president says the strengthening local currency is hurting the economy and garment factories face closure if the U.S. dollar continues to weaken. The dollar has fallen from 800 kyat to 750 kyat, dealing a blow to Myanmar's exporters, President Thein Sein said in a speech given Wednesday to economists, businessmen and local aid organizations in the capital Naypyitaw. Farmers and garment factories have been the hardest hit with some factories in the industry that employs thousands facing closure, he said in the speech, which was published in state-run newspapers Thursday. It was the first time the president publicly acknowledged that the country, which is run by a military-dominated government, faces economic hardship. Average income per person is one of the lowest in the world after years of state control of the economy and international sanctions. Thein Sein said that to ease the problems, the government has removed export taxes on some items including rice, beans, corn, sesame, rubber, fish and other animal products. Additional "ways and means are being sought to ease the crises," he said. A new government took power from a military junta last March after elections that were widely condemned abroad as rigged to ensure Myanmar's generals retained their hold over the country. It has embarked on economic reform and slightly eased its hardline stance against opponents. Thein Sein said the government invites people and organizations with different views to "work with us for common goals in the national interests." He said the government will also consider Myanmar citizens living abroad who want to return. The government has invited pro-democracy leader Aung San Suu Kyi, who was released from house arrest last November, to an economic development forum scheduled for Aug. 19-21 in Naypyitaw. Suu Kyi's spokesman Nyan Win told The Associated Press they have not decided if Suu Kyi will attend. In another conciliatory gesture, three state-run newspapers stopped running slogans blasting the foreign media on their back pages this week.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today myanmar\s president says country facing hardship Arab Today, arab today myanmar\s president says country facing hardship

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today myanmar\s president says country facing hardship Arab Today, arab today myanmar\s president says country facing hardship

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 35 Egyptian police, troops die in clashes

GMT 04:36 2017 Saturday ,21 October

35 Egyptian police, troops die in clashes
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday