Mandalay to allow Grade-A businesses to reopen

Mandalay will allow factories with Grade-A health and safety scores to reopen, said U Khin Maung Hla, chair of Industry Zone Management Committee. Many essential businesses such as food manufacturing, pharmacy, and purified water distribution have been given a Grade-A score by the Ministry of Health and Sports, and have been allowed to reopen. “A […]

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 […]

SMEs in Myanmar struggle to survive COVID-19 pandemic

Small-and medium-sized enterprises have been especially hard hit by the COVID-19 pandemic, according to an industry group in Yangon. “We plan to release data showing our members’ difficulties,” said U Min Thu, secretary of the Yangon MSME Association. Small businesses have been closed since early September, which has damaged their chances to make a profit, […]

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 […]

Myanmar govt to issue safety certificates to hotels, tourist spot

To aid the recovery from COVID-19, the Ministry of Hotels and Tourism will issue safety certificates to hotels, restaurants and tourist destinations in Myanmar to show they are trustworthy and meet international standards, Minister U Ohn Maung told an online meeting on October 19. Rehabilitating the country’s tourism industry after COVID-19 requires that Myanmar reassure […]

Southeast Asia sees big shift to e-commerce during COVID-19

Driven by changing consumer trends during COVID-19, the Southeast Asian e-commerce industry has grown substantially in the first six months of the year, according to a recent report by price comparison and product aggregating website iPrice Group. The report pointed out major changes in consumers’ behaviours and the e-commerce industry brought about by COVID-19 in […]

UK-based CDC Group appoints Myanmar country representative

UK’s development finance institution CDC Group, an investor in a number of Myanmar businesses, has appointed Myo Zin as its new country representative in the Southeast Asian nation. Based in Yangon, Myo will work closely with CDC’s teams in the London and India office and will play an instrumental role in expanding CDC’s footprint across […]

What Myanmar’s proptech industry is doing to stay afloat despite COVID-19

Since the first cases of COVID-19 were announced on March 23, the local economy in Myanmar, including the real estate industry, went into a rapid downward trend, especially due to the closure of borders, airports, public transport and blocked imports of building materials necessary for developers’ construction sites. By April, all major cities including Yangon […]

Govt order to close businesses in Covid-hit Yangon for two weeks likely to cause financial difficulties NEWS

As some businesses in Yangon city need to halt operation after the government’s announcement on a strict stay-at-home order, it will trigger financial woes and difficult living conditions, some local sources say. Since the order was announced at 8 pm on September 21, some shops and businesses in the city have closed while some others […]

Myanmar businesses expect stronger economic agenda in November elections

Traffic passes along Sule Pagoda Road in downtown Yangon. Photo: Nyan Zay Htet/The Myanmar Times Myanmar businesses expect stronger economic agenda in November elections While economic growth has not been listed as one of the top three priorities in the ruling party’s manifesto, politicians are paying more attention to the private sector ahead of the […]