Individual trades through land border exceed K8 bln in Q1

According to data released by the Ministry of Commerce, trade conducted by Individual Trading Card (ITC) holders reached over K8.09 billion through the land border in the first quarter of the current financial year 2020-2021. The Trade Department issued 17 cards in the October-December period this FY. Imports exceeded K6.46 billion, and exports were valued […]

Myanmar govt should communicate COVID-19 containment strategy more clearly

In the past two weeks, the Yangon government’s social media channels have been inundated with queries about the latest COVID-19 restrictions, particularly on whether instructions for folks to stay at home will be tightened, Yangon Region Social Affairs Minister U Naing Ngan Lin said on December 5. “Some believe COVID-19 can be controlled only by […]

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 […]