U Maung Maung Win, Deputy Minister of the Ministry of Planning, Finance, and Industry, forecasted that the country’s GDP growth in the 2020-21 Fiscal Year targeting to reach K125.803 trillion. There are multi-sectoral collaborations going on to stabilize the price, strengthen local currency, and minimize inflation, he said during the Parliament session on July 13. […]
Read MoreYangon’s real estate rental market sees lower rental fees as landlords lower their rental fees due to lower demands. “There are some activities. But rental fees are lower,” an official from Myanmar Real Estate Services Association, told Myanmar Business Today. Transactions in the real estate sector almost stopped during the lockdown. Landlords also reduced the […]
Read MoreThe total trade between Myanmar and foreign countries reached over 28.3 billion U.S. dollars in ten months of present fiscal year (FY) 2019-2020, according to figures released by the Commerce Ministry Xinhua reported. From Oct. 1, 2019 to July 3, Myanmar earned over 13.2 billion U.S. dollars while its import shared over 15 billion U.S. […]
Read MoreHundreds of thousands of migrant workers are returning home due to the COVID-19 pandemic, which caused factories to suspend their operations. This can worsen the unemployment rate in the country where there is strangely no official unemployment rate. The government of Myanmar is trying to find a way to create jobs for returning migrant workers. […]
Read MoreMyanmar’s gemstones market, which remained closed for months, is now slowly picking up with some traders reopening their shops. The traders have prepared to resume the gemstone markets as soon as the government allows them. “Some shops in Bogyoke Market in Yangon now reopens but receive very few foot traffic. The market has yet to […]
Read MoreNearly three in four (72 percent) of Myanmar consumers have expressed a clear interest in adopting contactless card payments, according to the Visa Consumer Payment Attitudes Study. The study was conducted by ENGINE insights on behalf of Visa in August 2019 across Singapore, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, and Myanmar. The total sample size […]
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