Category: Highlights

Factory closures and lay-offs put over 65,000 out of a job

“A total of 65,707 workers lost their jobs when factories closed or suspended operations and laid off workers amid COVID-19. Most of the affected factories were involved in contract manufacturing,” said an official of the regional ministry of Imm

Read More

United Amara Bank tops transparency in Myanmar enterprises ranking report

The Myanmar Centre for Responsible Business (MCRB) and Yever launched the sixth Pwint Thit Sa/Transparency in Myanmar Enterprises (TiME) report earlier this week. The report assesses online disclosure on the corporate websites of 260 Myanmar companie

Read More

Thilawa SEZ investment declines by 50% YoY

Investments in the Thilawa Special Economic Zone is the last victim of the COVID-19 induced economic fallout. The Thilawa SEZ in South Yangon has reported a 50-percent year-on-year decline in foreign investment, according to the SEZ management commit

Read More

US dollar exchange rate against Kyat rises to 1,400

State media reported that the Central Bank of Myanmar (CBM) sold USD 3 million from the state’s foreign reserves on 14 December, making the US dollar reach MMK 1,400 on December 15th in the local forex market. Coupled with the vaccine development a

Read More

Inflation rates hits a low

The annual rate of inflation, based on the Consumer Price Index (CPI), continued dropping to 5.21 per cent in October 2020 as consumer price fell in the back of sluggish consumer demand, according to the inflation report released by the Central Stati

Read More

Container shortage pushes freight rates to almost triple in Myanmar

In a combination of globalization and pandemic effect, the price of containers to be shipped out of Myanmar has almost tripled in the past 6 months. This is a global phenomenom including other parts in Asia: the Shanghai Containerized Freight Index a

Read More