China is urging Myanmar to move forward with several agreements made during Chinese President Xi Jinping’s visit to the country in January. During a meeting last week, Chinese ambassador to Myanmar Mr Chen Hai and U Set Aung, deputy minister of Planning and Finance, discussed how to ensure continuous development of the China-backed New Yangon […]
Read MoreThe Export-Import Bank of Korea will provide Myanmar with a US$30 million COVID-19 Emergency Equipment loan from its Economic Development Cooperative Fund (ECDF). The decision was made on May 14, during a meeting between Mr Kim Yu-Shin, director of EDCF’s Operations Department, and U Thant Sin, Myanmar ambassador to the Republic of Korea. The loan […]
Read MoreAuthorities are struggling to enforce the use of Myanmar language on the labels of all products on the local market due to the COVID-19 pandemic, a senior Consumer Affairs official said. U Zayar Swe, deputy director of the Consumer Affairs Department, said his agency has yet to conduct any inspections of manufactures for compliance with the […]
Read MoreMyanmar has permitted the business of reinsurance and three new categories of general insurance in the country under two new directives – (4/2020) and (6/2020) – issued by the Insurance Business Regulatory Board (IBRB) on May 12. The three new categories are: Industrial All Risk, Construction All Risk/ Erection All Risk, and Bailee’s Liability Insurance. […]
Read MoreThe Myanmar government has signalled its intention to tighten up corporate discipline by removing more than 800 companies from the official register for failing to submit their annual returns on time. The Directorate of Investment and Company Administration (DICA) said on May 9 it had removed 810 companies from the register for not filing their annual […]
Read MoreMyanmar’s tourism industry is expected to remain closed for the rest of the year due to COVID-19 restrictions, operators said. The recovery of the sector depends on the country’s ability to control and contain the spread of COVID-19. Meanwhile, far fewer foreign tourists are expected over the next two years. “It may be possible for […]
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Thailand
