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Myanmar: Panic buying leads to spike in sales

Local supermarkets have been packed with shoppers since the evening of March 12 and some goods have been out of stock. The panic buying was sparked by rumours that the government planned to close schools and cinemas for up to a month, and that a patient had tested positive for COVID-19  at the Yangon General […]

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COVID-19 could hit Myanmar’s FDI: MIC

The flow of foreign direct investment (FDI) into Myanmar could be hampered by the global COVID-19 pandemic, hitting manufacturing businesses which rely on labours and imports of raw materials, according to a senior official. The COVID-19 outbreak could curb FDI inflow in Myanmar to a certain extent, warned U Thant Sin Lwin, secretary of the […]

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Myanmar gold price drops as US dollar weakens

The gold market price in Myanmar has dropped with the US dollar exchange rate falling as trade slows down due to the COVID-19. The global economy has been slowing down due to the novel coronavirus outbreak with stock markets across the world also falling. Stock trading in Myanmar has decreased as people are now buying […]

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