From wooing more Russian tourists to boosting trade, Southeast Asian nations are bolstering economic ties with Russia in hopes of curbing inflation and spurring their recovery from the COVID-19 pandemic. The U.S. and European countries have imposed sweeping sanctions on Russia in response to its invasion of Ukraine. But these efforts could be hindered by […]
Cambodia and Myanmar race to become the next apparel manufacturing hub
June 29, 2022 by
Cambodia has become the next popular destination for China’s processing trade business after Vietnam. As China battled a wave of Covid-19 flare-ups over the past few months with strict control measures, the widespread disruption of business operations fueled concerns over an accelerating exodus of manufacturing. From October 2021 to March 2022, China lost around 5% […]
Prices of SKD cars and Japanese used cars increase, making difficulties for some SKD manufacturers
June 28, 2022 by
The prices of locally-produced semi-knocked down (SKD) imported cars and Japanese used cars have risen, and some SKD manufacturers are facing difficulties, according to vehicle importers. “Car prices are going up these days. Not the price of all cars is increased, but Hyundai Accent, Suzuki Ertiga, and Suzuki Ciaz, which are SKD cars. SKD production […]
Myanmar to open to tourists with COVID19 under control
May 13, 2022 by
YANGON: Myanmar will allow tourists to apply for visas after a break of more than two years, state media said Thursday (May 12), sparking calls by an activist group for foreign travellers to stay away. The country closed its borders to visitors in March 2020 at the beginning of the coronavirus pandemic in an attempt to […]
Seeking import licence after goods arriving at the port not allowed from 20 April 2022
April 14, 2022 by
According to the Trade Department under the Ministry of Commerce, seeking an import licence prior to the goods arriving at the port is required starting from 20 April 2022.In a bid to have a smooth trade flow, the MoC earlier allowed the importers to make shipments before customs regulations. Import licence can be held even […]
Entrepreneurs delighted with tourism recovery from COVID-19
April 14, 2022 by
Myanmar’s tourism industry is welcoming the ease of suspension on international passenger flights and tourism recovery on Myanmar New Year Day, which will fall on 17 April 2022.It has been over two years since the international air transportation services halted amid the COVID-19 pandemic. The government will lift global flight restrictions from 17 April 2022 […]
Myanmar plans to hold fresh election in August 2023
December 24, 2021 by
Myanmar’s military government is planning to hold a fresh general election in August 2023, Senior General Min Aung Hlaing was quoted as saying on state-broadcaster MRTV on Thursday (Dec 23). “Depending on state stability and peace, we are making our utmost effort to hold a multiparty general election in August 2023,” the general said at […]
The Inside Story of Thailand and Myanmar’s Troubled Dawei Mega-Project
February 9, 2021 by
Myanmar’s long-delayed Dawei mega-project experienced yet another setback after contracts with Thailand’s construction giant Italian-Thai Development were canceled recently. The ambitious, but controversial Dawei Special Economic Zone (DSEZ) project seeks to transform the sleepy coastal town into Southeast Asia’s largest industrial and trade zone – covering an area of about 200 square kilometers and incorporating […]
Infrastructure, agriculture sectors at risk of slower investments
February 9, 2021 by
Infrastructure, agriculture sectors at risk of slower investments The infrastructure and agriculture sectors could take a hit as a result of the current state of emergency in Myanmar, which could slow economic growth and investment flows into the country, Fitch Solutions said in a report. The research firm on February 1 downgraded its economic growth […]
Myanmar to continue efforts to support economy amid COVID-19
February 9, 2021 by
To mitigate the negative socio-economic impact of COVID-19 on livelihoods in Myanmar, the newly formed government under the Tatmadaw (military) will prioritise support for the agriculture industry, which employs around 70 percent of the country’s population, Minister for Foreign Affairs U Wunna Maung Lwin and Minister for International Cooperation U Ko Ko Hlaing told ambassadors […]
