Myanmar is facing a barrage of calls by the international and business community as well as civil rights organisations to lift an internet shutdown imposed in the conflict areas of Rakhine and Chin states. With the blackout, which has affected over one million people, entering its second year this weekend, calls for the government to […]
Read MoreThe Central Bank of Myanmar (CBM) has permitted local banks to restructure and reschedule existing loan repayments to help their clients, CBM Deputy Governor U Soe Min, told The Myanmar Times. While the economic impact of the COVID-19 pandemic has yet to be quantified, it is expected that businesses will bear the brunt of a decline […]
Read MorePrivate equity investors are seeing no lack of opportunities in Myanmar and have no plans to change strategy when it comes to investing in the country, although heavy travel disruptions have made assessing new investments harder. The investors said COVID-19 has allowed them to spot the “camels” – companies that are resilient to tough business […]
Read MoreThe Myanmar economy is expected to deteriorate further this year as a result of COVID-19, State Counsellor Daw Aung San Suu Kyi said during a meeting with key finance ministers on June 16. She said any economic damage caused by the pandemic so far is likely to worsen in the coming months and that Myanmar […]
Read MoreNegotiations should be held to reduce delays in the flow of goods between China and Myanmar caused by limitations at the Muse Border Trade Area, says a senior Myanmar official. The delays if the flow of goods is caused by traffic congestions and limited goods inspection facilities and personnel at the trade area in northern […]
Read MoreForeign investor interest in the garment manufacturing sector is still strong despite a fall in the volume of garment exports in fiscal 2019-20, according to the government. Of the 178 foreign enterprises endorsed by the Myanmar Investment Commission (MIC) and permitted to invest in Myanmar between October 1 and May 31, more than three quarters […]
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