Myanmar starts India-made COVID jabs, but China vaccine on hold

YANGON — Myanmar began COVID-19 vaccinations on Wednesday, five days after receiving 1.5 million doses from India, whose commitment to the Southeast Asian nation overwhelms China’s in terms of volume and timeliness. At the Yangon General Hospital, vaccinations began for health care workers. Ma Khin Nyo Htway was one of the first to receive a […]

CMP garment exports rise last FY despite COVID crisis

<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> Myanmar’s garment export sector, which constitutes over 20 per cent of overall export value, stepped up amid the coronavirus impacts. Exports of garments manufactured under the cut-make-pack (CMP) system were valued US$4.798 billion in the last financial year 2019-2020, according to the data from the Ministry of […]

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 […]

Limited relief for microfinance borrowers as the clock ticks on debt payments

Myanmar’s five million microfinance borrowers will resume repayments on May 15, but many are now jobless or on reduced incomes because of COVID-19 and the health of the US$1.3 billion sector is unclear. By HEIN THAR | FRONTIER Ko Zaw Zaw Aung, general manager at the Kyauk Sein footwear factory in Yangon’s South Dagon Industrial […]

Secondhand car sales resume in Yangon

Since COVID-19 cases were first detected in Myanmar in late March local car sales took a hit. Used car sales from Japan, however, have seen increased transactions leading up to the end of April. “The automobile market came to a halt when the first cases of COVID-19 were reported. As the Road Transport Administration Department […]

Too few are getting access to Myanmar govt’s emergency COVID fund: businesses

Of the 200 companies eligible to receive a government COVID-19 soft loan, just 20 qualify for funding of more than K100 million. These included firms in manufacturing, trading and industry. Out of the 70 tourism and hotel-related companies that qualified for financing, just one, Inle Princess, was eligible for a loan of K100 million and […]