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 […]

Property market expected to pick up after elections in Myanmar

Real estate developers are expecting the market to pick up after the November 8 election, when uncertainty over COVID-19 and the political process has cleared. Although lower interest rates have attracted some buyers into the market, COVID-19 restrictions have dampened buyer sentiment. Many buyers are waiting until after the elections to make a move,” he […]

COVID-19 restrictions keep express buses off the road

Although the government has not prohibited express buses, they face problems due to COVID-19 restrictions, said the Yangon Region Transport Authority (YRTA) on November 1. Express buses are only carrying cargo because the restrictions of the Health and Sports Ministry have been extended to November 30, and because of stay-at-home orders, health certificate requirements, and […]

Yangon cabs change to delivery service under ’new normal’

Yangon taxi drivers are delivering goods for delivery businesses due to a dwindling number of passengers caused by the COVID-19 movement restrictions in the city, several drivers said on October 20. After the recent scrapping of the QR pass system by Yangon Region, most taxi drivers are back on the road now. “Most taxies are […]

COVID boosts need, demand for e-commerce in Myanmar

E-commerce and food delivery have flourished in Myanmar since the lockdown and other restrictions to contain COVID-19 took hold in the country. METRO Wholesale Myanmar Ltd, which started out serving hotels, restaurants, tea shops and caterers, has pivoted to include delivery of food and daily necessities to consumers in Yangon during the pandemic. METRO CEO […]

Saudi Arabia blocks Myanmar fisheries products at its ports

Saudi Arabia has seized around 30 containers of Myanmar fisheries products at its ports, said U Ye Min, a member of the Myanmar Fisheries Products Processors & Exporters Association. He said the Saudi authorities would not permit the products to enter the country and the containers have been left at the ports. The fisheries in […]

Myanmar FDI approval misses target, but huge projects expected this year

Myanmar saw US$5.7 billion worth of foreign direct investments (FDI) approvals during fiscal 2019-20, just around US$100 million shy of its US$5.8 billion target, said U Thant Sin Lwin, Director General of Directorate of Investment and Company Administration. The shortfall was due to the COVID-19 pandemic, which hampered the flow of investments into Myanmar since […]

Permission for some businesses to reopen in Yangon ‘appropriate’: UMFCCI

Business insiders and executives have commended the government’s move to allow some business to reopen amid COVID-19. “Allowing cut-make-pack (CMP) factories, workplaces, and small and medium-sized enterprises (SMEs) to resume is an appropriate move. The factory closures have hurt workers’ incomes and has been bad for the country’s economy,” said U Maung Maung Lay, the […]

Border trade restrictions lifted between Myanmar, Thailand

Trade at the Myanmar-Thai border has resumed after a two-week standstill. After 12 days of only allowing six vehicles to travel between Tachileik, Shan State, and Mae Sai in Thailand as part of restrictions to contain COVID-19, both sides agreed on September 30 to resume trading as usual, said U Sai Sai, chair of the […]

Border trade at Muse resumes after Ruili restrictions relaxed

Border trade at Muse, Shan State, has resumed following the reopening of the customs office in Ruili China, after the border town resumed business on September 22. Trade between Myanmar and China had been placed on hold after Ruili was placed under lockdown on September 15, when positive COVID-19 cases were detected in the city. […]