Fishery industry expected to rake-in up to USD 1 billion this FY

Fishery industry expected to rake-in up to USD 1 billion this FY

According to Ministry of Commerce data, over USD 680 million has been earned from fishery exports to over 40 countries, including China and Thailand, since the start of the current fiscal year in October 2019. The total earnings exceed by USD 100 mil
EU suspends USD 100 million of Myanmar’s Debt

EU suspends USD 100 million of Myanmar’s Debt

Six European Union states have deferred debt payments from Myanmar worth nearly USD 100 million for the rest of this year to help the country’s efforts to focus on economic recovery from the COVID-19 pandemic. Reported by several media outlets last
Manufacturing PMI jumps in June 2020

Manufacturing PMI jumps in June 2020

Myanmar’s manufacturing sector showed signs of recovery in June despite ongoing measures to contain the coronavirus disease 2019 (COVID-19) outbreak. The IHS Markit Myanmar Manufacturing PMI increased to 48.7 in June 2020 from 38.9 in the prior
Restrictions to limit rice exports eased

Restrictions to limit rice exports eased

Back in April, the government had announced limitations and restrictions to rice exportation in the midst of panic buying and uncertainty of COVID-19 impact on the country. The restrictions included tighter time-limits on export licenses, higher cont
Up to 11.5 million unregistered SIM cards to be deactivated

Up to 11.5 million unregistered SIM cards to be deactivated

U Myo Swe, director-general of the Directorate of Communications under the Ministry of Transport and Communications said that as per the government regulations, operators will start from July 1st to deactivate all unregistered SIM cards in the countr
E-commerce guidelines to come in late 2020

E-commerce guidelines to come in late 2020

The government seems to try to embrace the development of a local digital eco-system as a recent interview with U Nyi Nyi Aung, Director of the Trade Department under The Ministry of Commerce shows. Back in 2019, the government formed the Digital Tra