The Department of Civil Aviation (DCA) has extended the Period of Temporary Measures to Prevent Importation of COVID-19 August 31 meaning all the international flights to and from Myanmar will remain suspended. However, transport flights, relief flights, and special flights with the approval from the Department of Civil Aviation are allowed to land in Myanmar. […]
Read MoreLeading Committee for Farmers’ Rights Protection and Promotion on July 23 has set a price floor for 100 tins (1tin = 46 lbs.) of unhusked rice at K520,000. The rice must be free from dust, sand, and small stones and moisture content must not be over 14 percent. The renewed price floor is for 2020 […]
Read MoreExports of garments manufactured under the cut-make-pack (CMP) system were valued US$2.73 billion in the period between 1 October and May-end in the current fiscal year 2019-2020, according to data from the Ministry of Commerce. Myanmar’s manufacturing sector is largely concentrated in CMP garments and textiles, which contribute to the country’s GDP to some extent. […]
Read MoreMyanmar’s economy is likely to suffer a blow from a sudden economic slowdown and its subsequent lower FDI, according to the report on the impact of the COVID-19 on Myanmar’s export published by Myantrade. Domestic consumption, the main driver of Myanmar economic growth, will weaken as a result of reduced household spending caused by increased […]
Read MoreDollar Rate against Myanmar Kyat, which has been weak since earlier this year, bounced back to nearly K1,400 per dollar today. On July 17, greenback against Myanmar Kyat was around K1,376 per dollar on buying price and K1,383 per dollar on selling price compared to K1,385 in buying rate and K1,397 in selling rate on […]
Read MoreAfter collaborations between Myanmar’s Ministry of Commerce, Ministry of Agriculture, Livestock and Irrigation, Myanmar Embassy to China, and General Administration of Customs of the People’s Republic of China-GACC, China has approved 43 Myanmar rice exporting companies enabling them to export wholegrain rice and broken rice to China. Before, there were only 11 Myanmar companies approved […]
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