Following an expected 18 percent contraction of the economy in the year ended September 2021, the World Bank’s Myanmar Economic Monitor, released on January 26, projects a growth of 1 percent in the year to September 2022.
While reflecting recent signs of stabilization in some areas, the projection remains consistent...
While there are frequent power outages in Myanmar, the Ministry of Electricity and Energy under the State Administration Council said, in its second announcement on reduced power generation, that the power outage will continue due to the reclining power generation capacity of large power plants in the national grid.
The...
The State Administration Council has imposed K20,000 per SIM card on the sales and activation of the SIM Cards and 15% commercial tax on internet services after amending Union Tax Law 2021.
"No matter what provisions the Commercial Tax Law comprises, only
once commercial tax shall be levied K20,000 per the...
The United Nations World Food Programme (WFP) welcomes a contribution of DKK 25 million (USD 3.8 million) from the Government of Denmark for its emergency relief operations in Myanmar, where the need for humanitarian assistance has substantially increased following the military takeover in February 2021, compounded by the socio-economic...
Freight forwarding companies have to rest some of their trucks due to lower demands as trading activities at the Myanmar-China border trade gate have eased. Moreover, the goods to transport have also reduced while there are mounting difficulties in transportation.
"If the Yangon-Muse trade route is working properly, out freight...
People in Thailand, including foreigners, who fail to wear a face mask when out in public face being prosecuted, a senior spokesperson for Thailand’s COVID-19 task force said on Monday (Nov 22).
Dr. Apisamai Srirangson, spokesperson for the Centre for Covid-19 Situation Administration (CCSA) said since Thailand had reopened to...
Myanmar Economic Holding has filed for winding-up of its brewery business called Myanmar Brewery Company Limited, which produces Myanmar Beer, Adman Gold, and Black Shield as well as Kirin Beer, according to the announcement published in Myanmar Alin Newspaper on November 22.
The announcement said that Myanmar Economic Holding will...
After the Central Bank of Myanmar has tightened the dollar exchange rate to between 0.5% of its reference rate by an order issued on November 9, the dollar rate against Myanmar Kyat has dropped to MMK 1,778 per dollar today.
Following the order, there were more buyers than sellers in...
A cloud-based HR tech start-up Better Technologies (“Better HR”) has raised a six-digit bridge round from new investors as well as existing investors such as Seed Myanmar Ventures, Blibros, and nexlabs.
Better HR is a cloud-based enterprise web and mobile apps enabling organizations to streamline HR processes, such as attendance,...