More than 65,000 factory workers in Yangon have lost jobs amid pandemic, says regional minister

Women working in the garment sector are among the hardest hit as hundreds of factories close or sack workers At least 65,000 factory workers in Yangon have lost their jobs over the past year as a result of the Covid-19 pandemic, a regional minister has said, with women working in the garment sector among the […]

Sharp decline in Yangon’s COVID-19 cases

The number of COVID-19 patients in the remaining 13 treatment centres in Yangon have dropped below 3000, said the deputy director general of the Yangon Region Public Health Department. Dr Tun Myint said the Yangon Region has seen a sharp decline in the number of positive cases for the disease and only 13 treatment centres, […]

Tourism revenue in Myanmar dips 80% during COVID-19

Revenue from tourism has dropped by more than 80 percent, or around US$2.3 billion, since the pandemic in Myanmar, according to a survey by the Ministry of Hotels and Tourism. The survey covers the tourism sector together with other related sectors like international airlines, domestic transportation, food and beverage, accommodation, entertainment and culture as well […]

Investment Agency Says Business Donations to Government Officials Violate Graft Code

YANGON — The Directorate of Investment and Company Administration (DICA) announced on Friday that companies and body corporates are not allowed to donate money either directly or indirectly to ministries or regional government departments, citing the Myanmar Companies Law 2017, to prevent corruption between government bodies and private companies. U Aung Naing Oo, director general […]

About 50 pc of tourist trips cancelled, suspended last year

At the instigation of some western media about Rakhine situations, about 50 per cent of tourist trips were cancelled and suspended last year, said Ohn Maung, Union Minister for Hotels and Tourism, at a coordination meeting on tourism development and the smooth operation of tourist entry, exit and visit, in Nay Pyi Taw on June […]

Government plans housing for 16,000 factory workers

The government is planning a housing rental project for 16,000 factory workers from Hlaing Tharyar and Shwe Pyi Thar industrial zones, according to Daw Win Maw Tun, deputy minister for labour, in the first such move to support the private sector. The housing will be dormitory-style for single men and women, with the intention to […]

Yangon is 44th priciest city in Asia Pacific

Expatriates and locals alike are complaining about the rapid increase in the cost of living Yangon should remain an attractive work place for expatriates, if their employers base the relocation decision on ECA International’s cost of living survey. The survey, released yesterday, showed that Yangon is the 44th cheapest city in Asia Pacific and 204th […]

Hotels rush to grab a piece of Myanmar market

YANGON- 300,000 visitors in 2010, one million tourists in 2012, two million last year and most probably three million in 2014. By adding a million foreign visitors, the country is in desperate need for more accommodation for visitors. The Myanmar Investment Commission granted last year permission for about $US2 billion of investment into hotels and […]