Parliament asked to approve ADB loan to improve electricity network

Myanmar may buy power from China

Myanmar may soon fill its electricity supply gaps by importing power from China. Ministry of Electricity and Energy Deputy Permanent Secretary U Soe Myint disclosed to the Myanmar Times that a feasibility study will soon be conducted on the possibili

Myanmar suspends Chinese visas on arrival amid coronavirus scare

At the time of writing, Myanmar has had no confirmed cases of the new coronavirus that has infected roughly 25,000 people in China, but the government is taking no chances. It has suspended flights from certain parts of China, blocking or quarantinin

Myanmar-China trade tops USD 1.3 billion

Trade between Myanmar and China has reached USD 1.337 billion in the first two months of the fiscal year and the two countries deepen their trade partnership. The data, which Eleven Media Group obtained from the Ministry of Commerce, shows USD 551 mi

Vietnam trade office warns exporters to Myanmar

Potential exporters should beware of Myanmar, the Vietnam Trade Office in Myanmar has warned. In a recent statement, it urged those enticed by Myanmar’s demand for imported goods to be careful of what it characterized as inefficient, unreliable

Coronavirus scare hits Myanmar tourism

The coronavirus outbreak that has infected more than 4000 people in China is driving tourists away from Asia, and Myanmar is no exception. Although no official release has been made that the virus has reached Myanmar, apparently the crisis in its lar

Government banks will merge

Four government-owned banks will eventually merge into one entity in order to streamline their operations, especially for small-scale lending. Union Minister of Planning, Finance and Industry U Soe Win made the announcement at a workshop for micro,