External trade deeply affected by pandemic

External trade deeply affected by pandemic

The latest data released by the Ministry of Commerce shows that Myanmar’s external trade for the new fiscal year, between October 1st and November 13th, plunged by USD 1.4 billion from the corresponding period a year ago, reaching only USD 3.08 bil

Japan ambassador says economic ties will deepen

This week, Japanese ambassador to Myanmar Ichiro Maruyama offered the NLD effusive praise following their election victory and reaffirmed Japan’s unwavering commitment to Myanmar’s economic development. In an interview with the Irrawaddy,

COVID-19 looms over Mandalay

Yangon still bears the worst of Myanmar’s COVID-19 outbreak, but the city of Mandalay reported record high daily cases this week, including new cases among election officials and truck drivers. At the time of writing, there have been just over

China fast-tracks border trade for crops

China has established an official “green lane” through the border crossing at Muse to fast track shipments of fruit, onions and fish. Up to 100 trucks per day may use the green lane, which is meant to increase trade volume amid the pandem

Japan loans USD 400 million for development

Japan and Myanmar have finalized a set of loans totaling around USD 409 million to develop Myanmar’s small and medium enterprises and to build a new bridge across the Sittaung River. Japanese ambassador to Myanmar, HE Ichiro Maruyama and deputy

Thai border trade continues to suffer

Although the border crossing at Mae Sot (Thailand) has re-opened, COVID-19 containment measures continue to hinder the flow of goods. Among these is a mandate that goods be unloaded and re-loaded into Thai trucks before moving on. This has proved to