Chief Minister calls for systematic maintenance of Smart Island in Myeik archipelago

The smart island of this kind in the Myeik archipelago is unique and rare in the world so conservation is necessary, said Taninthayi Region Chief Minister Myint Maung. The smart island also called Parpant island located in Kyunsu Township, Myeik District, has two different beaches—one full of white sand and the other full of colourful […]

Domestic fish industry flounders due to COVID-19 pandemic

The COVID-19 impacts resulted in less fish consumption, according to the Myanmar Fisheries Federation (MFF). The coronavirus pandemic shut down the wedding, donation events, festivities and restaurants. It also poses difficulties in transportation. The restrictions caused a slump in fish consumption in the local market. Moreover, the individual income loses from heightened COVID-19 measures such […]

More than 65,000 factory workers in Yangon have lost jobs amid pandemic, says regional minister

Women working in the garment sector are among the hardest hit as hundreds of factories close or sack workers At least 65,000 factory workers in Yangon have lost their jobs over the past year as a result of the Covid-19 pandemic, a regional minister has said, with women working in the garment sector among the […]

Manufacturing, new orders fall amid COVID-19 restrictions: IHS Markit

Restrictions in line with current COVID-19 regulations have resulted in the decline of manufacturing and new orders in Myanmar, said IHS Markit. The London-based information provider released a statement that said regulations introduced to curb the spread of the COVID-19 virus have also resulted in a record high of unfinished works. Manufacturing and the receipt […]

Pandemic cuts annual inflation rate to 5.21pc in October 2020

The annual rate of inflation in Myanmar, based on the Consumer Price Index, continued dropping to 5.21 percent in October 2020 as consumer price fell amid the COVID-19 impacts, according to the inflation report released by the Central Statistical Organization, under the Ministry of Planning, Finance, and Industry. There was a slump in consumer demand […]

COVID-19 Taking Huge Toll on Myanmar Manufacturing, Service Sectors, World Bank Says

YANGON—The World Bank (WB)’s latest survey on Myanmar has revealed that nearly half of all businesses in the manufacturing and service sectors do not expect to recover from the economic effects of the pandemic, while a reduction in sales is the top concern of businesses in the country. The WB’s latest survey for October covered […]

Myanmar shifts to digital platform to control pandemic

COVID-19 will remain in Myanmar for around three to four years and digital technology will be used to facilitate disease control measures, according to the Ministry of Health and Sports. As being even an hour late in treating some patients could result in a high risk of fatality, technology like tele-medicine and email consultations can […]

Amid the pandemic, Avis Myanmar plans to invest around USD 4 million for their new fleets expansion and two new rental outlets in Myanmar

Avis, one of the world’s leading car rental brands, has marked its first year journey in Myanmar with the plan to continue their footprint and investment in the country amid the global pandemic COVID-19.The company has been providing the global standardization for short and long-term vehicle rental services with fresh new fleet for individual as […]

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, […]