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...
Last Saturday, Myanmar’s Union Election Committee announced a victory for Daw Aung San Suu Kyi’s National League for Democracy (NLD) in the 2020 Myanmar General Election. The party won 83 percent of the seats in the Union Parliament, which exceeds even the number of seats gained in the previous...
U Ohn Maung, Union Minister of the Ministry of Hotels and Tourism, said that Myanmar’s dream of receiving five million tourists in 2020 was blown away by the COVID-19 pandemic.  “Myanmar was on its track to receive over five million tourists in 2020 for the first time in its history....
Daw Aung San Suu Kyi, the State Counsellor of Myanmar, has pledged that no one will be left out from K40,000 assistance, the fourth batch of government financial assistance. “We will never knowingly leave anyone . If someone does not get the assistance, we will provide him or her. Therefore,...
Even though the country's trade seems to be mildly impacted by the COVID-19 last fiscal year, the Union Minister of the Ministry of Commerce has called for precautions to mitigate the impact of the pandemic in the 2020-2021 Fiscal Year as there are more possibilities of the impact.  “We can...
Better Technologies Myanmar (trading as Better HR), based in Yangon has grown to 150 customer companies across 3 countries within 1 year, making it the first Yangon-based startup in the HR space to make it regional. Better HR is a cloud-based application that allows organizations to streamline HR processes such...
Fruits and Vegetable Wholesale at Muse (105) mile in its statement on October 13 have requested a temporary stay for some Myanmar fruits and vegetable traders at Wanding City, China when watermelon and muskmelon export volume is at large.  The statement also implored the Shan State Government to address the...
Written by Aung Khant Oo အောက်တွင် မြန်မာလိုဖတ်ရှုနိုင်ပါသည်။ With COVID-19 seemingly worsening across Myanmar, and the uncertainty of what changes the coming election may bring, there has never been a more crucial time to focus on the financial stability of the country. The key to ensuring stability and safeguarding our future is...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Asia Development Bank's latest report estimated the GDP of Myanmar to grow to 1.8 percent in 2020 compared to 6.8 percent in 2019 while the GDP of most Southeast Asian economies are estimated to contract. Like Myanmar, Vietnam’s GDP growth is expected to have 1.8 percent and Burnie’s...