Tag: Trade

Exports down USD 1.2 billion

Exports have sunk by USD 1.2 billion as of December 11, compared to the same point in the previous year, the Ministry of Commerce reported. Both sea trade and border trade are down as the global pandemic throttled border crossings, hamstrung local su

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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

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Stranded cattle up to 15,000 in Muse

The number of cattle stranded at the Chinese border continues to rise with cattle traders taking heavy losses. The Mandalay Region Cattle Exporters Association reported that 15,000 heads of cattle are now in bureaucratic limbo at Muse. Their owners h

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COVID update: case count hits 100K, Yangon mayor infected

This week, Myanmar’s confirmed COVID-19 cases passed 100,000, with new cases hovering between 1000 and 1500 per day. Recent outbreaks include more than 80 cases among monks in a Mandalay monastery, as well as a surge in Myawaddy, whose case cou

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Garment exports down 50%

Manufacturing continues to languish under COVID-19 as reports show garment exports plummeting by more than 50% for the first two months of the fiscal year. Ongoing lockdowns, stalled supply chains and low demand from foreign buyers have resulted in t

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Cattle trade almost to a halt due to COVID resurgence

Cattle trade has ground to a halt amid the coronavirus resurgences and over 10,000 cattle are stranded in Muse border. “Before the COVID-19, cattle was in high demand. The resurgence of COVID-19 in Myanmar prompted China to tighten its border areas

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