Will coronavirus infect FDI?
Despite a global economic downturn due to the ongoing coronavirus epidemic, Myanmar’s foreign direct investment (FDI) has been on the rise. Recently, the Myanmar Investment Commission approved 25 new foreign investments totaling USD 90 million,
Signs of hope for pandemic-stricken economy
After months of stalled trade and a crippled tourism industry due to the COVID-19 epidemic, some economic sectors are showing signs of recovery even as others continue to slide. Since January, land trade with China, Thailand and India has taken a ser
Industry asks for lower duties for Myanmar-assembled cars
Auto industry representatives have asked Yangon’s chief minister to lower import duties on unassembled cars. The request comes as domestic and foreign car makers look to boost production in Myanmar. During a meeting with Yangon Region Chief Min
Border trade with China picking up
Border trade between China and Myanmar, hit hard by the COVID-19 outbreak, appears to be picking up. Trade along the Myanmar-China border had plummeted as China closed border crossings and internal trade routes in an attempt to slow the spread of COV
Myanmar halts cruise ship amid coronavirus scare
Myanmar blocked a cruise ship carrying more than 400 passengers after it docked in Thailand and other countries with confirmed cases of the novel Coronavirus. The ship, which is operated by Silversea Cruises, had previously landed in Phuket, Thailand
