The International Labour Organization (ILO) estimated that some 1.6 million jobs were lost in Myanmar in 2021 with the military takeover compounding the impact of the COVID-19 pandemic.
Among the population impacted by the weakened labour market, women workers were hit most.
Working hours are estimated to have decreased 18 per...
The Central Bank of Myanmar issued a letter to the Authorized Dealer (AD) license holding bank containing a list of entities and individuals exempted from the controversial foreign currency conversion requirement.
The Central Bank of Myanmar on April 3 issued a notification requiring all foreign earnings to be converted into...
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...
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...
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...
In recent years, the Myanmar bean and pulses industry often suffers from the impact of import policy changes by India, the biggest buyer of Myanmar’s beans and pulses, and whose production is on the rise. Years when crop productivity is strong, India lowers import to protect local farmers, which...
Norwegian telecom firm Telenor issued an announcement today on September 15 hinting at the deployment of surveillance tech in Myanmar by saying that its continued presence would require Telenor Myanmar to activate intercept equipment for the use of Myanmar authorities.
"Having worked actively to avoid activation of intercept equipment, Telenor...
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...
"Fix the money, fix Myanmar"
This is the slogan of Myanmar Dollar-MYD, the newly emerged cryptocurrency, which is intended to counter the junta’s grip on Myanmar Kyat. This is one of the facets of the revolution against the coup. Unlike A-May Suu Token, a crypto token that emerged after the...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The Myanmar economy is projected to rebound faster than regional and global averages and will benefit from China’s relatively swift recovery, according to Oxford Business Group’s report called Covid-19 Response Report
(CRR) , produced in partnership with the medical equipment supplier Okkar Thiri.
While no economy remains immune to...
