Restaurant in Yangon revenues fall

Restaurants in the Yangon Region have seen declines in revenue by as much as 50 percent during the second wave of COVID-19, according to the Myanmar Restaurants Association (MRA). “Although restaurants are still open, they still need to cover costs for labour and shop rental fees. Many have remained open to look after their staff,” […]

Yangon electricity revenues up 65pc

Yangon Region collected K36 billion more in electricity payments for the month of July, which is a 65 percent increase compared to the month before, said Daw Soe Soe Nwe, general manager of Yangon Electricity Supply Corporation (YESC), at a press conference on Monday. The higher revenues was due to the Ministry of Electricity and […]

MSH’s education revenues grow as hospitality tumbles

Shares of Myanmar Strategic Holdings (MSH), a London-listed consumer business developer and operator with operations in Myanmar, remained unmoved at US$9.50 per share despite the company announcing narrower losses for the year ended March 31, 2018. MSH runs hospitality and education businesses in Myanmar. During the year, the company’s new education division in Myanmar helped […]

Jade exports earnings plummet since last year

In the first four months of this fiscal year, jade export earnings reached US$24.8 million, down $85 million since the same period last year, according to an official from the commerce ministry. “In the same period last year, export earnings from jade amounted to $109.8 million,” the official said. “Revenues generated at the emporium held […]

Ayeyawady contributing largest timber revenues

Ayeyawady Region is the largest contributing state for timber revenues to the central government in the fiscal year 2013-14. The government received Ks 400.57 million of Ayeyawady’s timber earnings, according to the study on natural resources, regional governments and wealth sharing in Myanmar. The study, under the title “Natural Resources and Sub-national Governments in Myanmar: […]

Myanmar ranks 41 in natural gas reserves

Myanmar ranks 41 internationally in volume of natural gas reserves, according to a research paper by the Myanmar Development Resource Institute and the Asia Foundation. The paper quoted a report on energy sector from the Asian Development Bank that says the country has about 20 trillion cubic feet of untapped natural gas reserves. The report […]