Myanmar’s Economy Hit Hard by Second Wave of COVID-19

YANGON, December 16, 2020 – Myanmar’s economy continues to suffer from the COVID-19 pandemic, with growth estimated to have slowed sharply to 1.7 percent in FY19/20, down from 6.8 percent the previous year. The pandemic and associated containment measures have weakened consumption and investment, and disrupted businesses’ operations and the supply of labor and inputs, […]

What Myanmar’s proptech industry is doing to stay afloat despite COVID-19

Since the first cases of COVID-19 were announced on March 23, the local economy in Myanmar, including the real estate industry, went into a rapid downward trend, especially due to the closure of borders, airports, public transport and blocked imports of building materials necessary for developers’ construction sites. By April, all major cities including Yangon […]

Household service providers in Myanmar among latest COVID-19 casualties

Providers of housekeeping and home maintenance services are among the latest casualties of the second wave of COVID-19 in Myanmar. Many have suspended their businesses in view of the spread of the virus in the past month. Demand for housemaids, cleaners, and other household service providers has collapsed and these businesses have also been suspended […]