BUSINESS News

Myanmar relies on 90 per cent medical stuff import

Mar 28, 2020
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... 117

Myanmar’s Central Bank Says Banking Will Continue Despite Coronavirus

Mar 26, 2020
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... 154

No significant impacts on green gram export market

Mar 23, 2020
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... 117

Central bank revokes Asia Yangon Bank’s license

Mar 18, 2020
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. ... 197

Over 10,000 workers jobless after factory closures in Yangon

Mar 16, 2020
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... 226

Myanmar Central Bank Cuts Rates, Business Circle Says Move Falls Short

Mar 14, 2020
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 ... 177

Fish auction market to be established in Kawthoung

Mar 10, 2020
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... 182

11 Factories in Myanmar Close Due to Lack of Orders, Raw Materials

Mar 05, 2020
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... 257

Sagaing produces over 3,000 tons of honey per year

Feb 29, 2020
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... 239

Myanmar’s new barcode expected to help exporters

Feb 28, 2020
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... 304