In an attempt to stabilize the dollar rate against Myanmar Kyat, the Central Bank of Myanmar issued a notice on October 3 ordering exporters to deposit the foreign currency earnings from the exports into the exporter's foreign currency account or sell the earning to the bank, which holds Authorized...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Written by Tayzer Bhone Myint New Transportation System, employed in Yangon to replace the old system in 2016, now faces technical and financial challenges that undermine its sustainability, according to the World Bank's report called "Urban Transport in Yangon".  Although YRTA’s institutional setup is improving, it is still precarious,...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Written by Tayzar Bhone Myint Myanmar has earned $591.252 million from exporting nearly 1.3 million tons of whole grain rice and more than 0.7 million tons of broken rice as of June 5 since October 1, the beginning of the 2019-2020 fiscal year, according to Myanmar Rice Federation. Overall...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် The COVID-19 pandemic has put an enormous pressure on the global economy; Myanmar's economy is no exception from it. The World Bank, in its recently released Myanmar Economic Monitor, revised its forecast for the country in the 2019-2020 fiscal year to be as low as 0.5 percent...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Written by Tayzar Bhone Myint While gold colletors are disposing of their gold, gold shops find it difficult to boost sales due to lower demands amid the COVID-19 pandemic, according to gold sellers. "The market is likely to remain the same for the next twenty days," U Ohn Mying,...
by Ei Thandar Tun An 8.7-km, four-lane road connecting Thanlyin Township outside Yangon with Thilawa Special Economic Zone was inaugurated last week. The road, built using $43 million ODA loan from Japan, is designed to help streamline the flow of goods from Thilawa Special Economic Zone, which has round-the-clock transport needs. “Thanlyin...
Yoma Bank and Mastercard, on June 18, signed an MoU that will enable the bank to substantially expand its digital offerings and accelerate the advancement of Myanmar’s digital economy.  The E-commerce industry, still at the nascent stage, is booming amid the pandemic as users turned to online shops and delivery...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Daw Aung Sann Su Kyi, State Counsellor of Myanmar, urged the fishery sector to push its way into the global market. "Through innovative and creative ideas, the fishery sector needs to promote its products in both local and global markets, which will lead to increased export," Daw Aung...
အောက်တွင် မြန်မာလိုဖတ်ရှုနိုင်ပါသည် Written by Tayzar Bhone Myint Myanmar allowed its citizens to go out and buy essential commodities during the period considered the peak of the local transmission. However, people tried to avoid going out and spent less, resulting in an 80 percent retail sales drop compared to last year, according...
The World Bank’s Board of Executive Directors on June 26 approved a $200 million credit from the International Development Association (IDA) to increase agricultural productivity and diversification and enhance market access for Myanmar farmers, with a strong focus on inclusion for smallholder farmers, women and other vulnerable groups. According to...