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COVID-19 hinders mangoes market near Myanmar -China border
BUSINESS Date: Apr 08, 2020   View: 43
“We have begun to export mangoes to China again but the Chinese government announced people will not be allowed entering their country. So, we could not sell mangoes in Muse. We are forced to s...
Loans approved from COVID-19 fund for 400 small firms
BUSINESS Date: Apr 06, 2020   View: 96
The Myanmar Investment Comission (MIC) says it will be issuing emergency loans to around 400 small businesses that have suffered financial losses due to the COVID-19 pandemic sweeping the world. &...
Myanmar relies on 90 per cent medical stuff import
BUSINESS Date: Mar 28, 2020   View: 146
Yangon-Myanmar has to import as much as 90 per cent of medicines and medical equipment from other countries, said U Zaw Moe Khaing, Chair of Myanmar Pharmaceutical & Medical Equipment Entrepre...
Myanmar’s Central Bank Says Banking Will Continue Despite Coronavirus
BUSINESS Date: Mar 26, 2020   View: 199
YANGON — Myanmar’s central bank has reassured citizens that banking services will not stop, including mobile banking and cash machines, amid the COVID-19 pandemic. The Central Bank o...
No significant impacts on green gram export market
BUSINESS Date: Mar 23, 2020   View: 146
Yangon--Despite the temporary suspension of green gram exports to Covid-19-affected European countries, the export market has not seen big impacts yet, according to Myanmar Pulses, Beans and Sesam...
Central bank revokes Asia Yangon Bank’s license
BUSINESS Date: Mar 18, 2020   View: 230
The Central Bank of Myanmar (CBM) revoked the license of Asia Yangon Bank Ltd on the evening of 16 March due to the breach of existing laws, according to the CBM’s statement on 16 March. ...
Over 10,000 workers jobless after factory closures in Yangon
BUSINESS Date: Mar 16, 2020   View: 252
Yangon--The number of jobless workers has soared to over 10,000 after the closures of 27 factories in Yangon Region, according to the Department of Labour. There are 29 industrial zones in Yang...
Myanmar Central Bank Cuts Rates, Business Circle Says Move Falls Short
BUSINESS Date: Mar 14, 2020   View: 192
YANGON—The Central Bank of Myanmar has announced a 0.5 percent reduction to interest rates, in what the bank says is a move to spur economic growth. But bankers and businesses have said that ...
Fish auction market to be established in Kawthoung
BUSINESS Date: Mar 10, 2020   View: 200
As the existing fish auction markets in Taninthayi Region are not successful, a new fish auction market will be built in the town of Kawthoung, said Min Lwin, president of Kawthoung District Fishe...
11 Factories in Myanmar Close Due to Lack of Orders, Raw Materials
BUSINESS Date: Mar 05, 2020   View: 287
YANGON – Thirteen factories in Yangon and Bago regions have closed or cut back staff in Myanmar since January due to factors like a lack of raw materials, no orders and no buyers, according t...
Sagaing produces over 3,000 tons of honey per year
BUSINESS Date: Feb 29, 2020   View: 255
Honey production in Sagaing Region exceeds 3,000 tons per year, accounting for around 70 per cent of the total honey production in Myanmar, said head of Kalay Township Beekeeping Department U Kyaw...
Myanmar’s new barcode expected to help exporters
BUSINESS Date: Feb 28, 2020   View: 324
Myanmar launched the GS1 Myanmar barcode, an internationally recognised standard that is expected to facilitate exports, at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFC...
Third local gems emporium held in Myitkyina
BUSINESS Date: Feb 27, 2020   View: 287
A local gem emporium is being held in Myitkyina Township, Kachin State. The emporium started on February 24 and lasts till February 28. On display are 656 lots of gems with floor prices rangin...
Chicken prices causing difficulties for local breeders
BUSINESS Date: Feb 26, 2020   View: 295
Low prices are causing problems for small- and medium-size poultry farms in Myanmar, industry officials say. The entry of foreign companies into the domestic poultry breeding industry is causing...
Entrepreneurs call for removal of crab fishing ban due to COVID-19
BUSINESS Date: Feb 26, 2020   View: 251
Crab entrepreneurs in Labutta Township have called on the government to lift a ban on crab fishing in March as China has suspended crab imports from Myanmar for nearly two years due to the outbrea...
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