Forex brokers in Myanmar benefit from stable kyat

The Myanmar kyat has been stable between K1300 – 1325 per US dollar for the last three months. This has helped forex brokers make profits in the local currency market. The current price of the local currency has touched 2016 levels, and is at its strongest levels against the US dollar since 2018. A stable […]

New ASEAN-led trade deal to boost Myanmar manufacturing sector

The newly formed ASEAN-led global trading bloc, Regional Comprehensive Economic Partnership (RCEP), could boost the Myanmar manufacturing sector, according to the research and advisory firm Oxford Business Group. Myanmar could capitalise on the 15-country trade bloc, the biggest in the world, to grow its manufacturing base, the research group said. Peter Crowhurst, the chief executive […]

Myanmar Mulls Over Domestic Flight Resumption

Nov. 25—The government is reviewing in various aspects to be able to resume domestic flight schedules that have been suspended due to the Covid-19 outbreak in Myanmar, said Nay Win, director of the Civil Aviation Department. He also said the resumption of domestic flights relied on the virus infection situation. “How we will resume flights […]

Chinese firms get green light to begin contract farming in Northern Shan

Chinese firms will soon begin contract farming of maize and paddy rice in Lashio district, Northern Shan State, according to U Soe Nyunt Lwin, Shan State Minister for Planning and Finance. The firms will look to partner with Myanmar farmers to bolster maize and paddy rice production as a way to substitute for poppy production […]

E-commerce not for everyone, some Yangon businesses say

Businesses and entrepreneurs in Myanmar are increasingly turning to social media as they seek new ways to promote their trade amid the COVID-19 pandemic. “The number of businesses that have moved online has doubled since the pandemic began,” according to U Aye Chan, chair of the E-Commerce Association of Myanmar. Among the tools businesses are […]

How Myanmar’s Foreign Policy Is Likely to Evolve in the NLD’s Second Term

<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> Before the November election, Myanmar received three high-level visits from China, Japan and India. In October, a US trade delegation also visited, meeting State Counselor Daw Aung San Suu Kyi and senior ministers. The US delegation said it hoped to boost post-coronavirus investment in the country and […]

Invitation for open tender – Myanmar Oil and Gas Enterprise ; Deadline : 28th December 2020

The Republic of the Union of Myanmar Ministry of Electricty and Energy Myanma Oil and Gas Enterprise (Invitation For Open Tender) (22/2020-2021) 1. Open tenders are invited for supply of the following respective items in Myanmar Kyats. Sr No Tender No Description Remarks (a) DMP/L-146(20-21) Electrical Spares for ZJ 70L Sr 1 Rig (17) Items […]

Garment: Big brands have mistreated their workers throughout the COVID-19 crisis

Brands must pay workers their full wages during the coronavirus crisis and beyond Meg Lewis is Campaigns Manager at Labour Behind the Label, a group that works to improve conditions and empower workers in the global garment industry. Stark figures from the Clean Clothes Campaign show that garment workers are owed between 2.42 and 4.38 […]

KB Bank Myanmar to begin operations in December

South Korea’s largest housing finance bank, KB Bank, has announced that it will formally launch KB Bank Myanmar in December.KB Bank was one of the seven foreign banks to be awarded a license to operate in Myanmar by the Central Bank of Myanmar in April this year. With a license in place, it will bring […]

Gyobyu, Theingon power sub-stations in Taikkyi Tsp opened

Yangon Region Government inaugurated Gyobyu and Theingon power sub-stations in Taikkyi Township yesterday, taking a step forward in meeting 100 per cent electrification in the region by December 2020.Yangon Region Chief Minister U Phyo Min Thein, Yangon Region Hluttaw Speaker U Tin Maung Tun, Deputy Speaker U Lin Naing Myint, Yangon Region Minister for Electricity, […]