Business

Over 1,000 units worth $157 million sold to Myanmar buyers in the first nine months of 2024 as funds continue to flow out of war-torn country.

The figure is just 4 million shy of pre-COVID levels, the Tourism Ministry said.

Mass exodus of workers due to the Conscription Law has triggered recruitment of children and a deepening labor rights crisis, warn industry figures and activists.

Store owners and merchants report halting sales of essentials to avoid losses under the regime’s price-fixing policy.

Sharp cut in GDP forecast follows contraction of agriculture, manufacturing, and services sectors as war and natural disasters take heavy toll.

Charis factory staff in Yangon began their strike when two female colleagues were allegedly assaulted by their Chinese boss.

Beijing’s crackdown on border trade with Myanmar is aggravating the post-coup economic crisis and the construction sector could see a fresh wave of job losses, merchants and contractors say.

Beijing began closing its remaining border trade gates with Myanmar on Tuesday following an attack on its consulate in Mandalay last week.

The junta’s latest attempt to stop people parking their dwindling cash assets in gold is likely to backfire and push up prices of other commodities, businesspeople say.

The regime’s Ministry of Electric Power says household and business rates will increase from September 1.