E-commerce not for everyone, some Yangon businesses say

Businesses and entrepreneurs in Myanmar are increasingly turning to social media as they seek new ways to promote their trade amid the COVID-19 pandemic. “The number of businesses that have moved online has doubled since the pandemic began,” according to U Aye Chan, chair of the E-Commerce Association of Myanmar. Among the tools businesses are […]

Kyat rebounds after re-export activities suspended

The spike in the exchange rate between the US dollar and Myanmar kyat appears to have tapered after the Ministry of Commerce (MOC) on August 17 temporarily suspended re-exports of sugar and diesel. “We suspended re-exports of sugar and diesel because the cash flows involved are huge enough to influence the exchange rate,” said U […]