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 […]

Employment in Myanmar during the COVID-19 Outbreak

Many Thai and international companies have expanded rapidly into Myanmar in recent years, in what had seemed to be an unstoppable expansion of cross-border trade resulting from the country’s emergence back onto the global stage. For those companies, the COVID-19 situation in Myanmar has been a cause for much concern and uncertainty—doubly so for those […]

NH NongHyup sets up Myanmar branch

NH NongHyup Bank said on Oct. 26 it has launched its branch office in Yangon, the largest city of Myanmar to expand its presence in the Southeast Asian country. The establishment of Yangon-based branch came after the lender had obtained final approval from the country’s central bank in late June. It is the second regional […]

CB Bank pursues tech strategy to bring sector into digital age

In October, CB Bank launched Innovation Lab on the API Exchange (APIX), making it the first bank in ASEAN to reach out to other financial technology (fintech) firms in the region on the exchange. APIX is a global, open-architecture platform that supports financial innovation and inclusion in ASEAN and around the world. Launched in September […]

Long term economic improvement certain, strategy needed: U Win Aung

THE government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totalled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP […]

Rubber Exporters Eye Japan to Boost Exports

The Myanmar Rubber Planters and Manufacturers Association (MRPMA) says Japan is the next logical step in the export of Myanmar’s rubber and latex products. Amidst the falling price of rubber, gross national rubber exports are estimated to reach 100,000 tonnes by the end of this financial year. “We believe the European and global economic crisis, […]

Myanmar to open another trade centre on Thai border

The construction of Maisal Trade Centre in Kayah State along the border with Thailand has just been completed and the government plans to open the border gate soon. This will be the 7th border trade centre between Myanmar and Thailand. Its construction cost a total of Ks 110 million (US$ 110,000), according to the Ministry […]

Myanmar Trade Centre reopens after decade-long closure

The Myanmar Trade Centre will resume its operations and local businesses are expected to lease exhibition and meeting venue, Directorate of Trade, Ministry of Commerce, said yesterday. The MTC was shut down following a bomb explosion in May, 2005. Its reopening is slated for later this month. Business operators can lease the MTC for showcasing […]

Gunkul eyes Thai, Myanmar power sectors

Gunkul Engineering plans to invest more than Bt12 billion (Ks 360 billion) over the next two years to develop wind-power plants in Thailand and gas-powered plants in Myanmar. This is part of the company’s strategy to transform itself from an importer and provider of electrical equipment into a power producer in Asean. It aims to […]

Kyauk Phyu SEZ: Invitation to submit Expression of Interest from Consulting Firms by 24th Sep 2013

Subscribe to our tender alert mailing list The government of the Republic of the Union of Myanmar Kyauk Phyu Special Economic Zone Bid Evaluation And Awarding Committee (BEAC) Invitation to submit expression of interest from consulting firms The Government of the Republic of the Union of Myanmar has been identifying the economic potentials to contribute […]