The Mant Wain trading gate in Muse has been closed since April 5 as both governments take more stringent measures to prevent the spread of COVID-19, said U Khin Maung Lwin, assistant secretary of the Ministry of Commerce. China no longer allows Myanmar truck drivers to...
Read More[caption id="attachment_4767" align="aligncenter" width="840"] A file photo of signboards pointing the way to the site of the Dawei Special Economic Zone. Photo - EPA[/caption] Officials are expecting the outbreak of COVID-19 to slow the development of Dawei Special Economic Zone (SEZ) in Tanintharyi Region. “The virus is...
Read More[caption id="attachment_4758" align="aligncenter" width="840"] A file photo of containers of imported goods in Yangon. Photo - EPA[/caption] The Ministry of Commerce has announced that it will fully adopt online procedures for issuing import and export permits for more than 100 types of goods starting April 1,...
Read More[caption id="attachment_4756" align="aligncenter" width="840"] A file image of workers doing maintenance on railway line in Yangon. Photo - EPA[/caption] The Japan International Cooperation Agency (JICA) and Myanmar’s government on Tuesday agreed to official development assistance (ODA) loans to contribute to economic and social development through improvements...
Read More[caption id="attachment_4754" align="aligncenter" width="840"] A boy looking at toys in small shop in Yangon. Photo - EPA[/caption] Some small and medium-sized enterprises (SME) have started suffering from the effects of coronavirus outbreak, business owners say. “It has already affected the country’s economy very much. Especially, hotels. As...
Read More[caption id="attachment_4752" align="aligncenter" width="840"] A file photo of construction workers in Yangon. Photo - EPA[/caption] Industry insiders say that the country’s construction sector has slowed by around 30 percent due to the COVID-19 pandemic. “There are construction projects that have been suspended due to a shortage of...
Read More[caption id="attachment_4750" align="aligncenter" width="840"] Officials from China and Myanmar signing documents for the latest phase of the Mekong-Lancang cooperation initiative in Nay Pyi Taw on Monday. Photo - Ministry of Foreign Affairs[/caption] China will provide US$6.78million (K9.45 billion) to Myanmar for 22 projects under the Mekong-Lancang...
Read More[caption id="attachment_4748" align="aligncenter" width="840"] A file image of an attendant filling a vehicle at a petrol station in Yangon. Fuel prices have been dropping since the beginning of the year. Photo - EPA[/caption] As world oil prices have plunged due to the coronavirus outbreak in January...
Read More[caption id="attachment_4746" align="aligncenter" width="840"] Photo - Maung Maung Aye Thu[/caption] The National League for Democracy-led government says it is now considering a number of renewable energy proposals. The Minister of Electricity and Energy U Win Khaing announced the decision after a meeting of the National Renewable Energy...
Read More[caption id="attachment_4744" align="aligncenter" width="840"] The ADB’s logo. Photo - EPA[/caption] U Thaung Tun, Union Minister for Investment and Foreign Economic Relations (MIFER) and Chair of Working Committee to Address the Possible Impacts of COVID-19 on the Country’s Economy had separately met with Gevorg Sargsyan, Acting Country Director...
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