The 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 […]
Read MoreManufacturers in Myanmar experienced their worst month on record in March as the worldwide coronavirus outbreak impacted output, demand and purchasing, according to Purchasing Managers’ Index (PMI) survey data from a London-based information provider IHS Markit. IHS Markit released its latest report on Myanmar’s Manufacturing PMI on April 1. The headline IHS Markit’s Myanmar Manufacturing […]
Read MoreThe Kachin State government this month signed an MOU with Myanmar Hein Investment Development Co to develop a border trade zone at Kan Paik Ti township in Waingmaw, Kachin State, which is near the Myanmar- China border. Myanmar Hein Investment is a 30:70 joint venture established by ethnic Kachin-owned Kan Paik Ti Development Company Limited […]
Read MoreBusinesses in Myanmar’s commercial capital have begun to ask employees to work from home in order to reduce the risks of virus infections. Several companies and banks in Yangon have started to telecommute its employees in the face of the novel coronavirus. Corporate executives have said that some telecom operators and banks have started testing […]
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