External trade dives by $2 bln as of 18 December

Myanmar’s external trade between 1 October and 18 December in the current financial year 2020-2021 touched a low of US$6.14 billion, a sharp drop of $2.065 billion compared with the corresponding period of the FY2019-2020, according to the Ministry of Commerce. According to the ministry data during the same period in the previous FY, trade […]

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 […]

Myanmar’s coffee export drops by half this year

Myanmar’s coffee export has fallen by half this year on the weak demand triggered by the coronavirus. Typically, Myanmar exports about 500-600 tonnes of coffee to external markets. The volume plummeted to 300 tonnes this year, said U Thi Ha, general secretary of Myanmar Coffee Association. Following the development of a vaccine for the COVID-19, […]

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 […]

New Asian trade deal leaves US on the sidelines

After US President Donald Trump in 2017 scrapped a Trans-Pacific trade deal assembled by the Obama administration and 11 other governments, countries from Vietnam to Australia paused to ponder whether a trade agreement would be worthwhile without the United States. After four years and two new trade agreements, the answer from Asia appears to be […]

Myanmar exported garments worth $4.28 bn in Oct 1-Aug 31

Myanmar exported garments under the cut-make-pack (CMP) system worth $4.28 billion between October 1 and August 31 in fiscal 2019-20, according to data from the ministry of commerce. However, following the novel coronavirus pandemic, some CMP garment factories have shut down due to lack of raw materials, leaving thousands of workers unemployed. Myanmar financial year […]

Myanmar extends ban on foreign visitors before elections

<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> Myanmar extended a ban on international commercial flights and issuance of all types of visa until the end of November to contain the spread of coronavirus outbreak ahead of the general elections. The ban on foreigners’ entry through land borders will also be extended for another month, […]

Myanmar-born ‘dreamer’ snaps up U.S. drilling leases amid industry malaise

(Reuters) – A Myanmar-born perfume entrepreneur and missionary has snapped up nearly half of the oil and gas leases offered by the Trump administration since August, saying the coronavirus pandemic created an opportunity to buy them cheaply. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, February 2019. REUTERS/Nick Oxford Levi Sap Nei Thang, […]

Yangon lockdown not seen as trade hurdle

Myanmar’s extension of the Yangon lockdown for another 14 days after a record daily jump in Covid-19 cases is unlikely to affect border trade with Thailand. Yet a negative impact is inevitable if the lockdown measures are extended beyond that period and cover more areas, said Niyom Waiyaratpanich, vice-president of Thai Chamber of Commerce. Myanmar […]

Myanmar Officials to Prosecute Owner of Nightspot Responsible for Yangon’s Biggest COVID-19 Cluster

YANGON—Local authorities in Yangon’s Thingangyun Township are planning to file a lawsuit against the owner of a KTV restaurant where more than 90 people contracted the coronavirus, making it the largest cluster found in the city. “We are still planning to file a lawsuit. As there are large numbers of COVID-19 patients in our townships, […]