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, […]

Action to be taken against permitted A-level factory unless complied with regulations

The permitted factories in Mandalay Industrial Zone, which meets A-level practices in coronavirus containment measures, will be taken action for a shutdown if they are found not to comply with health regulations during surprise inspections, Mandalay Industrial Zone Management Committee stated. The factories and workplaces, which meet health criteria (Level A) set by the Ministry […]

Campaigning parties ignore Myanmar’s economic plight

Tens of thousands of people are going hungry under lockdown in Yangon and yet one week before the general elections neither the ruling party nor opposition are addressing their needs to try and win their votes. Instead Daw Aung San Suu Kyi’s government hands out special car import permits to senior bureaucrats and military personnel […]

Myanmar expect more US investments in telecommunications

The United States may increase its investments in energy, telecommunications, tourism, and natural gas production sectors following a discussion to cooperate in Myanmar beyond the COVID-19 pandemic, said U Maung Maung Lay, chair of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The development comes after a delegation led by Mr […]

Myanmar’s Suu Kyi projects ‘pro-economy image’ before election Ruling NLD gradually eases restrictions on movement as COVID-19 battle continu

YANGON — Ahead of a general election on Nov. 8, the Myanmar government, ruled by State Counselor Aung San Suu Kyi’s National League for Democracy, has started to demonstrate its seriousness in buttressing the coronavirus-affected economy. The daily number of new cases sharply rose amid a second wave from September to mid-October, peaking at 2,158 […]

Myanmar expects more US investments in telecommunications, technology

The United States may increase its investments in energy, telecommunications, tourism, and natural gas production sectors following a discussion to cooperate in Myanmar beyond the COVID-19 pandemic, said U Maung Maung Lay, chair of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The development comes after a delegation led by Mr […]

Yangon cabs change to delivery service under ’new normal’

Yangon taxi drivers are delivering goods for delivery businesses due to a dwindling number of passengers caused by the COVID-19 movement restrictions in the city, several drivers said on October 20. After the recent scrapping of the QR pass system by Yangon Region, most taxi drivers are back on the road now. “Most taxies are […]

Trade documentation, payments in Myanmar to be completed online

Myanmar will launch an online portal that will enable all paperwork and payments to be done digitally to facilitate trade in November. Administrative procedures such as applications and payments for export and import permits can be done online on the Myanmar Tradenet 2.0 portal, while the documents can also be issued digitally. These procedures had […]

Myanmar FDI approval misses target, but huge projects expected this year

Myanmar saw US$5.7 billion worth of foreign direct investments (FDI) approvals during fiscal 2019-20, just around US$100 million shy of its US$5.8 billion target, said U Thant Sin Lwin, Director General of Directorate of Investment and Company Administration. The shortfall was due to the COVID-19 pandemic, which hampered the flow of investments into Myanmar since […]

Singapore tops source of FDIs in Myanmar in 2020-2021FY

Singapore has remained as the top source of foreign direct investments into Myanmar in the current financial year 2019-2020, according to data released by the Directorate of Investment and Company Administration (DICA). The 20 Singapore-listed enterprises brought in US$1.85 billion into Myanmar in the past financial year 2019-2020. Singapore companies mainly put investments into urban […]