Following the report of COVID-19 cases, local airlines announced the suspension of domestic flight schedules from May 29 to June 8, 2021, according to the agents. "As per the recently released restricted movement order guideline by Local Authorities to prevent the continuous spread of the COVID-19, MAI & Air KBZ...
If you want to withdraw cash from your bank account in Myanmar, you need to get up as early as at least 4 a.m and go to an ATM-not any ATM but ATM where your bank chooses to refill cash. Then wait for hours to have your turn to...
Local gold price, which has skyrocketed reaching over K1.7 million following the coup by the military, now has dropped as much as K200,000 as the price decreased to around K1.5 million per tical (tical= 16.3 g). On May 26, the domestic gold market closed with K1.5 million per tical while...
Major Japanese retailer Aeon has decided to postpone its $180 million shopping mall project in Myanmar due to the political turmoil in the country, according to NHK reports. Aeon planned to start the construction process this year and expected to open the mall by 2023. The project is a joint venture...
After the dollar rate drastically surged from around K1,300 per dollar before February to K1,720 within just over three months, the Central Bank of Myanmar is planning to sell $1.6 million through money changers on May 13, according to local money changers. "We are to buy dollars from the central...
Most of the companies both local and foreign companies were planning to increase investments in January 2021, according to the joint survey conducted by ten foreign chambers of commerce, but now companies have halted their plans to increase investment after political events in February 2021. A total of 372 companies...
Yangon authorities reopened the parks, which were closed to curb the spread of COVID-19, in the mornings starting from January 21. The Yangon City Development Committee has shut down all the parks and playgrounds on December 21 amid a higher number of COVID-19 reported cases aiming to prevent crowds during...
The Ministry of Agriculture, Livestock and Irrigation will build a market center for agricultural products in Pubbathiri Township, Naypyidaw. The ministry held a groundbreaking ceremony for the $8.37 million building on January 20, 2021. “The center, upon completion, will create market stability providing market information for farmers and producers, and help...
After the government launched the COVID-19 funds inviting donations from citizens, the funds received over K10 billion and $2 million donations in a week, according to data from the COVID-19 Vaccine Fund Management Sub-committee. Between January 6 and 12, 728 people living in the country and abroad have donated K10.126...
Japan will expand existing investments in Myanmar under the new Myanmar administration, said Mr. Hideo Watanabe, Chairman of Japan-Myanmar Association and former Member of the House of Councilors of Japan. He said that during the meeting with Daw Aung San Suu Kyi, State Counsellor Myanmar, in Naypyidaw on January 18. During...