Strategy needed to ensure smooth flow of perishable crops in Myanmar

Myanmar should smoothen the flow of crops from farms to domestic users as well as to the country’s ports and border trade points as COVID-19 continues to wreak uncertainty in the market, said Minister of Commerce U Than Myint.“Due to the recurring restrictions from COVID-19, we can expect disruptions in the supply of crops to […]

No Change in Our Commitment to Support Myanmar’s Economic Development: Japanese Ambassador

The National league for Democracy (NLD) won another landslide in the Nov.8 election, and soon afterwards the Arakan Army (AA) requested that elections be held by the end of December in townships that could not vote Nov. 8 due to armed conflicts. Myanmar’s military welcomed the statement and showed willingness to hold the elections in […]

Myanmar Considers Relaxing COVID-19 Restrictions

Yangon – Myanmar’s State Counselor’s Office says the government is considering relaxing many COVID-19 restrictions, including stay-at-home orders, to ease the impact on the country’s economy. Myanmar imposed stay-at-home orders on about 75 townships in Bago, Ayeyarwady and Mandalay regions and Kachin and Mon states and the whole of Yangon Region and Rakhine State. Under […]

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, […]

Myanmar avocado exported to Britain: London embassy

Half a tonne of avocado pears have been exported to the UK by air, ac cording to an announcement by the Myanmar embassy in London. The exported avocados are of three varieties – Amara (local variety), Hass and Buccaneer. The Myanmar Fruits and Vegetables Producer and Exporter Association (MFVP) was connected to the British Chamber […]

Online sales boom amid COVID-19: e-commerce body

Many businesses have moved online and sales using digital platforms have doubled since the coronavirus outbreak, according to Myanmar’s e-commerce industry body.U Aye Chan, E-Commerce Association of Myanmar chair, said retail stores have been hit by COVID-19 and lockdown restrictions but on line shopping has boomed in the same period. The World Bank’s latest firm-level […]

Myanmar to face shortage of containers for another two months

Local traders expect there will re main a lack of containers for exports over the next two months because of the disruption caused by the COV ID-19 pandemic.“It is the impact of COVID-19. Operations have been in chaos. Entry and exit of ships has been in disorder,” said U Than Wai Aung of the Myanmar […]

FSU conversion advances Myanmar LNG-to-power project

Synergy oversaw the complex conversion for owner CNTIC VPower, a joint venture of VPower Group and China National Technical Import & Export Corp. CNTIC VPower Energy was converted from LNGT Powership Anatolia, acquired from Karmol, the joint venture of Karpower and Mitsui OSK Lines. The vessel was originally built in 1992 as Northwest Seaeagle. With […]

Myanmar launches e-commerce innovation challenge under COVID-19 plan

Since the first COVID-19 case was reported in March, Myanmar has witnessed a surge in digitalisation as both businesses and consumers moved online to adapt to the containment measures.For instance, NearMe, a Myanmar-based digital services platform, on November 12 announced a tie-up with Ninja Van Myanmar, enabling the logistics provider’s partners to accept digitalpayments from […]

Myanmar citizens raise investments in the country despite pandemic

Despite COVID-19, Myanmar citizens’ investments across the regions and states for fiscal 2019-20 amounted to over K1.88 trillion, which is around K200 million higher than in the previous fiscal year, said U Thant Sin Lwin, Director General of the Directorate of Investment and Company and Administration (DICA). Approval was given to over 130 Myanmar businesses […]