The Myanmar Investment Comission (MIC) says it will be issuing emergency loans to around 400 small businesses that have suffered financial losses due to the COVID-19 pandemic sweeping the world. “Over 400 businesses submitted their loan application forms on April 4, and the applicants have been determined to be genuine companies that have actually suffered […]
Read MoreSouth Korean and Chinese stakeholders in Myanmar are urging the authorities to review the possibility of providing a stimulus package for foreign investors in the local garment industry at a time when the supply of raw materials has stalled and importers from the West have begun to cut orders from Myanmar’s factories. Myanmar’s manufacturing industry […]
Read MoreDriving past trucks laden with containers along the road that leads to the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, one can easily spot from afar the company logos of the many manufacturers and utilities providers which have their factories there. The logo of an anticipated 350MW power plant by Hong Kong-listed […]
Read MoreThe Ministry of Commerce is temporarily suspending the issuance of rice export permits, says a senior official with the Department of Trade. “We are just restricting the issuance of new export licences as a temporary measure until we can change to a better system. But after the new arrangements are in place, the licences will […]
Read MoreMore than 150 companies have applied for the government’s COVID-19 relief programme within the first two days of the loans being made officially available. But just a third of the applications are from Yangon and most from Mandalay, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The deadline for […]
Read MoreThe Ministry of Commerce has announced that it will fully adopt online procedures for issuing import and export permits for more than 100 types of goods starting April 1, 2020, as part of efforts to implement social distancing to stop the spread of COVID-19 in Myanmar. “The move is being made with the aim of […]
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