Ministry of Commerce: exports up 36% YoY

Ministry of Commerce: exports up 36% YoY

The MOC’s efforts to boost the countries’ export seem to start paying off. According to their most recently released data, exports were up 36% this fiscal year, from October to December, compared to the same period last year, totaling USD
Ministry of Investment and Foreign Economic Relations to target Asian FDIs in 2019-20 FY

Ministry of Investment and Foreign Economic Relations to target Asian FDIs in 2019-20 FY

MIFER’s Permanent Secretary, U Aung Naing Oo, said that his ministry will not expect significant investments from US and EU for the ongoing FY, due to the geopolitical challenges. Instead, the ministry expects FDIs originating from fellow ASEAN
World Bank releases December 2019 Myanmar Economic Monitor report

World Bank releases December 2019 Myanmar Economic Monitor report

During an event at the Sule Shangri-La Hotel in Yangon on Wednesday January 14th, the World Bank Group released its latest iteration of the Myanmar Economic Monitor. Titled “Resilience Amidst Risk”, the report highlights that Myanmar’s
Car sales up 25% in 2019

Car sales up 25% in 2019

According to the latest report released by the ASEAN Automotive Federation (AAF), the sales of motor vehicles in Myanmar jumped 25.4% from January to November 2019 compared to 1 year prior (15,365 to 19,274). Though at a very low level in terms of vo
China’s President Xi to visit Myanmar next week?

China’s President Xi to visit Myanmar next week?

According to numerous reports, the President of the People’s Republic of China, Xi Jinping, is expected to visit Myanmar late next week to discuss bilateral relations and celebrate the 70th anniversary of diplomatic relations with Myanmar. Thou
Chin State’s very first airport slated to open within 6 months

Chin State’s very first airport slated to open within 6 months

Chin State’s Chief Minister Salai Lian Luai officially announced that the Surbung airport, the first in Myanmar’s poorest state, is slated to open to national flights by June this year. 5 years in the making, the airport is built on an ol