Manufacturing, new orders fall amid COVID-19 restrictions: IHS Markit

Restrictions in line with current COVID-19 regulations have resulted in the decline of manufacturing and new orders in Myanmar, said IHS Markit. The London-based information provider released a statement that said regulations introduced to curb the spread of the COVID-19 virus have also resulted in a record high of unfinished works. Manufacturing and the receipt […]

Construction work to resume in Yangon with new rules

Construction work in Yangon, which has been halted since the third week of September, will be allowed to resume if it follows new rules, said the Yangon Region Construction Inspection Committee. “Construction projects in Yangon Region will have to report to the committee and after inspection, they will be allowed to resume if they are […]

Border trade at Muse resumes after Ruili restrictions relaxed

Border trade at Muse, Shan State, has resumed following the reopening of the customs office in Ruili China, after the border town resumed business on September 22. Trade between Myanmar and China had been placed on hold after Ruili was placed under lockdown on September 15, when positive COVID-19 cases were detected in the city. […]

Ruili reopens after week-long lockdown, remains cautious at border

Seven days of lockdown have ended, bringing Ruili in Southwest China’s Yunnan Province back to normal, after two people who illegally crossed the border from Myanmar tested positive for COVID-19 – proving again the effectiveness of China’s epidemic prevention measures. Residents celebrated the end of the lockdown on Monday night by setting off fireworks. On […]

Myanmar schools to re-open in June if virus situation is contained

Schools in Myanmar will re-open in June only if the COVID-19 situation in the country could be mitigated in May, said an official from the education ministry. Basic education schools had planned to re-open on June 1 after the Thingyan Holiday but only if the virus situation returns to normalcy next month, said U Ko […]

Online mystics cash in during Myanmar virus lockdown

YANGON: Myanmar lawyer Thiri had been excited about her wedding and new job this year – before the coronavirus threw both into doubt. With the stars very much unaligned, she turned to an astrology app for help. For a fee of a few dollars, Thiri’s online mystic advised the 26-year-old to carry out kind deeds […]

Virus Adds to Challenges for Myanmar Insurance Sector

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. The Covid-19 crisis has disrupted Myanmar’s efforts to develop its fledgling insurance industry. At the same time, it’s showing why coverage is important, according to Dai-ichi Life Insurance Myanmar […]

Virus Derails Myanmar’s Move to Open Stock Market to Foreigners

The novel coronavirus outbreak has derailed Myanmar’s move to open its stock market to foreign investors. Only two of the country’s five listed securities have attracted international traders since rules were relaxed on March 20, leaving their foreign-shareholding ratios at minimal levels. Officials had hoped to attract funds from both expatriates and non-resident foreigners. “After […]

Virus prompts Myanmar State Counsellor to go online

State Counsellor Daw Aung San Suu Kyi on Wednesday activated her dormant Facebook account to provide people with information about the COVID-19 pandemic in the country. The State Counsellor admitted in her first post on April 1 that she is not an avid fan of social media but recognised its importance in reaching out to […]

Myanmar quarantines over 100 Chinese in virus clampdown

Officials have quarantined more than 100 unregistered Chinese nationals in Thingangyun township in Yangon Region as the country scrambles to prevent an outbreak of the deadly COVID-19 virus. The Chinese were caught Saturday living illegally in two houses in Yangon Thit ward of the township, according to U Shwe Hla Win, a Pyithu Hluttaw (Lower […]