Invitation for open tender – Export Marketing & Milling Department Yangon & Ex-Site Teak/Hardwood ; Deadline :29th December 2020

Myanma Timber Enterprise Export Marketing & Milling Department Invitation For Open Tender 1. Myanma Timber Enterprise will sell teak & hardwood round logs and sawn timber by online system December open tenders in us dollars. Particulars of the open tender sales are as follows: (A) Date & Time – (4-12-2020) (09:00) A.M – (Export Marketing […]

Colliers Property Report – Yangon serviced apartment supply Q3 2020

Summary & Recommendations As of Q3 2020, Yangon’s serviced apartment market witnessed a decline in demand albeit modestly compared to the level a year ago.The overall performance,in fact,appeared more resilient than expected especially in comparison to their hotel counterparts.Moving froward,Colliers sees serviced apartment likely to fare better given its self-contained environment and more personalized offerings […]

Myanmar’s Ruling Party Vows to Improve Quality of Cabinet Appointments in New Govt

YANGON—The National League for Democracy (NLD) government will make reforms to the union, state and regional cabinets before the new administration takes office in late March next year, in an apparent attempt to fix the problem of “not putting the right person in the right place” that beset the government during its first term. The […]

Online sales boom amid COVID-19: e-commerce body

Many businesses have moved online and sales using digital platforms have doubled since the coronavirus outbreak, according to Myanmar’s e-commerce industry body.U Aye Chan, E-Commerce Association of Myanmar chair, said retail stores have been hit by COVID-19 and lockdown restrictions but on line shopping has boomed in the same period. The World Bank’s latest firm-level […]

Most Yangon taxi drivers stop working, return cars to owners

Most taxi drivers in Yangon have begun to return their cars to their owners due to the lack of passengers following the stricter stay-at-home order in place for all Yangon townships. “Only a few people go outside of their homes because of the new stay-at-home order. It’s hard for us to earn money to cover […]

Motorbikes for Yangon

Despite being the commercial center in the largest country in South East Asia, Yangon is a strange city for one main reason. It is the only city on the continent not to allow motorbikes. In Vietnam pedestrians in Hanoi and Ho Chi Minh compete with pavement space with 100 CC Hondas and Yamahas, and in […]

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,” […]

Entertainment businesses in Yangon remain restricted

The Yangon regional government on August 19 instructed recreational businesses such as KTV lounges, bars and nightclubs, including those operating in hotels, to remain closed to avoid spreading COVID-19. The decision comes after the Ministry of Health and Sports warned of a potential second wave of COVID-19 in Myanmar following the detection of four locallytransmitted […]

Yangon to push three large FDI projects to boost economy

Yangon to push three large FDI projects to boost economy Yangon Region Chief Minister U Phyo Min Thein, who is also chair of the Yangon Investment Committee, has revealed that the regional government is prioritising the implementation of quickly three industrial zones. Speaking at a meeting of the Yangon Investment Committee last week, U Phyo […]

Myanmar conglomerate to offer loans online using Alibaba tech

YANGON — Yoma Group plans to use credit analysis technology to help it vet loan offers to consumers and small businesses, with support from Chinese e-commerce giant Alibaba Group Holdings, as the Myanmar conglomerate looks to tap a market of over 40 million unbanked residents. The plan is currently in the preliminary discussion stage between […]