The manufacturing sector recorded an accelerated downturn in April as a result of COVID-19, according to a survey from IHS Markit. The headline IHS Markit Myanmar Manufacturing PMI (Purchasing Managers Index) plummeted to 29.0 in April from 45.3 in March, signaling a severe decline in manufacturing business conditions in Myanmar. The PMI is a composite […]
Read MoreOnepay this week launched a new mobile interbank platform from which users can transfer money among seven local banks -Asia Green Development Bank (AGD), Ayeyarwady Bank (AYA), CB Bank, KBZ Bank, Myanma Apex Bank (MAB), uab Bank and Yoma Bank – without physically going to any of the bank branches. The service was launched in […]
Read MoreDespite a huge increase in approved foreign investments from US$1.9 billion to $3.3 billion during the period between October and March, the actual inflow of foreign direct investments (FDI) are lower. At US$500 million, the inflow of investment in the first quarter of the year fell short of last year’s US$800 million, said U Aung […]
Read MoreOf the 200 companies eligible to receive a government COVID-19 soft loan, just 20 qualify for funding of more than K100 million. These included firms in manufacturing, trading and industry. Out of the 70 tourism and hotel-related companies that qualified for financing, just one, Inle Princess, was eligible for a loan of K100 million and […]
Read MoreThe Ministry of Information, Culture, and Tourism has released guidelines for operators of restaurants, resorts, and other tourism-related businesses in line with new regulations prescribed by the Prime Minister’s Office that are to enter into effect from 4-17 May. With no new cases of infection for a consecutive 21 days, Laos has effectively controlled the spread of […]
Read MoreMore than 5,000 tonnes of rice – around 100,000 sacks – have piled up at the Myanmar-China border over the past month, when the Chinese authorities temporarily suspended imports without certificates from the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ), said U Min Thein, vice chair of […]
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