Stronger kyat threatens exports, but presents import opportunities

Myanmar’s exports have come under pressure as a result of the weakening US dollar, which has made key exports such as rice more expensive in overseas markets, said U Soe Tun, a committee member of the Myanmar Rice Federation. While the weaker exchange rate has made prices more attractive to local farmers, falling demand from […]

Edwin Briels Ends Partnership with Khiri Travel Myanmar

Khiri Travel Myanmar has confirmed that its joint venture partner in Myanmar, Edwin Briels, has stepped back from the partnership after nine years. Since 2011, Khiri Travel Myanmar has been a joint venture between Briels, Aung Min Thein and Khiri Travel Ltd. Prior to COVID19, the company had more than 30 staff and in 2019 […]

World Bank’s Myanmar Economic Monitor 2020

Executive Summary   The Covid-19 pandemic has interrupted Myanmar’s economic expansion, and while Myanmar is expected to narrowly escape a recession, helped by a strong start to the fiscal year, policy responses, and the limited disease outbreak, the growth recovery is at great risk. Myanmar’s GDP growth is estimated to drop from 6.8 percent in […]

Understanding the impacts of COVID-19 on rural smallholder farmers and food systems in the Ayeyarwady Delta

Introduction: The COVID-19 Pandemic is jeopardizing economies, healthcare, and food systems throughout Myanmar. Although the health effects will certainly be felt very strongly, it is expected that the negative economic impact on the most vulnerable will be much greater in scope and duration. While it is not possible to fully grasp the geographic reach and […]

COVID-19 pandemic and its impact on residents of informal settlements

Rapid assessment of informal settlements in Yangon: COVID-19 pandemic and its impact on residents of informal settlements SUMMARY OF KEY FINDINGS Livelihood security and Household income 81 per cent of the households in informal settlements have at least one member who lost their job in the past 30 days. The percentage of job loss (either […]

Challenges faced by Indian garment factories to restart production

An Indian clothing supplier to international brands has told just-style of the challenges it faces as it starts to emerge from the near complete lockdown that prevented work being completed on summer collections. On 4 May, several state governments allowed local clothing manufacturers to restart work until 17 May, when fresh guidance is anticipated. Manufacturers […]

MOLIP: List of Essential Businesses during COVID19

Republic of the Union of Myanmar Ministry of Labour, Immigration and Population Statement on Coronavirus Disease 2019 (COVID-19) concerning factories and businesses 12th Waxing of Kasone, 1382 ME (3 May 2020) 1. To prevent the spread of the global pandemic Coronavirus Disease 2019 (COVID-19), the Ministry of Health and Sports issued directives and guidelines for […]

Factory inspections for complying with health guidelines begin 20 April before permission to reopen factory

Republic of the Union of Myanmar Ministry of Labour, Immigration and Population Announcement for factories, workshops and departments amid Coronavirus Disease (COVID-19) 12th Waning of Tagu, 1382 ME (19 April, 2020)   Factories and workshops across Myanmar will be allowed for functioning in line with recommendations and regulations of the Ministry of Health and Sport […]

Eurocham Survey: European companies asked for faster import and customer clearance procedures to ease effects of COVID19

EXECUTIVE SUMMARY COVID 19 is an infectious disease caused by the most recently discovered coronavirus. The outbreak of COVID 19 has disrupted the global economy. Even a contained outbreak could result in significant economic impact in the short run. The evolution of the disease and its economic impact is highly uncertain which makes it difficult […]

Law against hoarding or price gouging of essential medical supplies & consumer goods during the COVID19 pandemics

Republic of the Union of Myanmar Ministry of Commerce Notification 21/2020 Republic of the Union of Myanmar Ministry of Commerce Notification 21/2020 7th Waxing of Tagu, 1381 ME (30 March 2020) This notification is issued in exercise of the power set out in the Notification No 26/2020 of the Union Government dated 30 March 2020. […]