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Myanmar draws plan to cushion agri sector from COVID-19

Myanmar will draw up a Food Security Master Plan to cushion the agriculture and livestock sector from COVID-19, U Myo Tint Tun, Deputy Permanent Secretary of the Ministry of Agriculture, Livestock and Irrigation (MOALI), told The Myanmar Times. The decision to draft such a plan came after a meeting on the implementation of the government’s […]

Myanmar, S. Korea Pledge to Step Up Cooperation on Trade, Investment, Energy

YANGON—Myanmar and South Korea have agreed to cement their economic cooperation, particularly in the trade, investment and energy sectors, to help Myanmar overcome the economic fallout from the coronavirus pandemic. Speaking via videoconference during Wednesday’s first meeting of the two countries’ Joint Commission for Trade and Industrial Cooperation, South Korean Trade, Industry and Energy Minister […]

Myanmar, China target illegal crossings after confirmed cases in Ruili

China and Myanmar have agreed on a joint fight against COVID-19 and a crackdown on illegal border crossings after two out of six people who crossed from Myanmar to Southwest China’s Yunnan Province illegally were confirmed to be infected with COVID-19. The illegal border crossings prompted at least eight prefectures and 25 counties that border […]

Despite Current Economic Fallout in Myanmar, ADB Forecasts a Bounce

YANGON — Although Myanmar’s GDP growth has fallen to 1.8 percent due to the effects of COVID-19, the Asian Development Bank (ADB) has reported that growth is forecast to bounce back to 6 percent in 2021. The bank’s Wellness in Worrying Times: Asian Development Outlook 2020 forecasts Myanmar’s GDP growth for the fiscal year ending […]

More Myanmar workers suffer abuse in Thailand, group says

Thai companies are abusing the rights of more Myanmar workers during the COVID-19 pandemic, according to a migrant aid group in the neighbouring country. Ko Ye Min, spokesperson for the Aid Alliance Committee for Myanmar Workers, said the abuses ranged from unpaid wages to forced evictions. “More and more, the rights of Myanmar workers in […]

Insurer, bank tie up to provide bancassurance in Myanmar

Capital Taiyo Life Insurance and Myanmar Citizens Bank have announced that that they will cooperate to provide life insurance products in Myanmar. Capital Taiyo Life and Myanmar Citizens Bank (MCB) signed announced on Friday that they had signed an agreement on June 29 to provide bancassurance products via MCB’s network of branches. The agreement brings […]

Oilman calls on Myanmar govt to be more transparent, flexible

With 45 years of experience in oil and gas, Smart Group Chairperson U Kyaw Kyaw Hlaing knows a lot about the industry in Myanmar. “Now that gas prices have dropped, our LNG projects will be more viable, but prices may rise again, so we need to sell the gas as soon as possible to maximise […]

How Myanmar silk could stem tide of cheap imports

Weavers of traditional textiles in Mandalay Region are uniting to create a trade association to protect their industry, which has been seriously affected by cheap , low-quality silk copies oftraditional Myanmar designs from China and India. The recognition of the unique silk designs of Amarapura and Wundwin townships in Mandalay, including lun yar kyaw silk […]

Myanmar firm to build oil refinery in Dawei SEZ

The project, which will have the capacity to process 8 million metric tonnes per annum (mmta), will constitute as “important project involving a huge investment. They will probably cooperate with foreign companies because it is impossible to implement the whole project by a Myanmar company alone,” said U Tin Htoo Naing. Infrastructure such as a […]

Myanmar govt launches special travel arrangements with Japan

Myanmar and Japan have agreed to start special travel arrangements for travellers entering each nation. During an official visit to Myanmar on August 24, Japanese foreign affairs minister Motegi Toshimitsu met with State Counsellor Daw Aung San Suu Kyi to discuss, among other things, bilateral arrangements to make travel between both countries easier amid COVID-19. […]