(EPA photo)YANGON: Business confidence among entrepreneurs in Myanmar dropped "drastically" this year due to unclear economic policy, a survey shows on Tuesday, amid growing frustration over leader Aung San Suu Kyi's management of the fledgling economy. Myanmar's short-term business confidence dropped to 49% in 2017 from 73% a year ago, according to a survey by consultancy Roland Berger and the Union of Myanmar Federation of Chambers of Commerce and Industry. Growth in both foreign investment and gross domestic product have slowed since Suu Kyi's National League for Democracy took office last year after years of junta-era rules. Myanmar recorded monthly average foreign investment of $739 million so far this year, below levels reported in 2015 under the former military-backed government, according to Roland Berger. But Klotz said 88% of business owners remained optimistic about Myanmar's long-term outlook thanks to the potential of the market of over 50 million population.

Source: Bangkok Post December 12, 2017 08:15 UTC