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 […]

Gold prices start year off with a bust

The continued devaluation of gold abroad has led to a 14.73 percent drop on the local markets over the past year, shop owners said. The current market price of one tical of 24 karat gold (one tical equals 0.576 ounces) now sits at K648,000 (equivalent to US$1133 an ounce), down from the K760,000 gold sold […]

Myanmar Gas Exports to Slow as Pipeline Closes for Work

YANGON — The Thai government is reportedly taking measures to avoid a shortage of energy after Myanmar announced a half-month stoppage of the Yetagun natural gas project. An official at the Burmese Ministry of Energy told The Irrawaddy that the pipeline, which takes gas from the Yetagon offshore gas field in the Andaman Sea to […]