The COVID-19 impacts resulted in less fish consumption, according to the Myanmar Fisheries Federation (MFF). The coronavirus pandemic shut down the wedding, donation events, festivities and restaurants. It also poses difficulties in transportation. The restrictions caused a slump in fish consumption in the local market. Moreover, the individual income loses from heightened COVID-19 measures such […]
Mandalay to allow Grade-A businesses to reopen
December 18, 2020 by
Mandalay will allow factories with Grade-A health and safety scores to reopen, said U Khin Maung Hla, chair of Industry Zone Management Committee. Many essential businesses such as food manufacturing, pharmacy, and purified water distribution have been given a Grade-A score by the Ministry of Health and Sports, and have been allowed to reopen. “A […]
Increase in foreign investments depends much on power availability and quality: Union Minister
December 1, 2020 by
<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> Union Minister for Electricity and Energy U Win Khaing called for collective efforts as the increase in the flow of foreign investments depends much on the availability and quality of electricity supply, during his inspection of power distribution Electricity facilities in Nay Pyi Taw Council Area yesterday. […]
Yangon factory workers given three days to withdraw salary
October 9, 2020 by
Factory workers in Yangon will be given three days during the stay-home period to leave their homes to withdraw their salaries. Cut-Make-Pack (CMP) workers will be able to withdraw their wages for September starting Thursday [October 8], according to the Confederation of Trade Unions Myanmar (CTUM). “The Union of Myanmar Federation of Chambers of Commerce […]
Burmese trucking logistics company Kargo receives over US$130K from Yoma Bank
March 25, 2019 by
Burmese online truck shipment service Kargo has announced that it has inked an SME financing agreement with Yoma Bank, Myanmar’s commercial bank. The partnership will see Kargo receive an initial loan of approximately US$130,000. Through the bank’s Unsecured SME Financing, Kargo plans to facilitate same-day payments to its truck drivers, boost its ability to grow […]
More Singapore firms planning to invest in Myanmar in next two years
November 28, 2018 by
Singapore companies have big plans to expand in ASEAN over the next two years and Myanmar, with its growth potential and overall investment climate, is on the cards for many, according to a recent survey by the Singapore Business Federation (SBF). The survey, conducted from December 2017 to March 2018, collected views from 1036 Singapore […]
