Myanmar Economic – YSO Channel

The Resilience of Myanmar’s Medium-Sized Businesses: Navigating Challenges and Seizing Opportunities

March 7, 2024 by YSO

Myanmar, a nation steeped in history and cultural heritage, has faced significant economic and political turbulence in recent years. Amidst these trials, medium-sized businesses have emerged as vital players in shaping the country’s economic landscape. In this article, we explore the current state of Myanmar’s medium enterprises and the path forward. 1. Economic Recovery and … Read more

DICA report: 6,400 companies fail to file AR in 2023

January 13, 2024January 10, 2024 by YSO

A total of 6,400 companies were struck off the register in 2023 as they failed to submit annual returns (AR) on the online registry system, MyCO, according to the Directorate of Investment and Company Administration (DICA).Last year, 500 companies in January, 400 each in February and March, 200 in April, 550 in May, 750 in … Read more

Myanmar to see growth of just 1% in year to March 2024, says World Bank

December 16, 2023 by YSO

MYANMAR’S economy is expected to grow just 1 per cent in the year to March 2024, the World Bank said in a report published on Tuesday (Dec 12), describing a “broad-based slowdown” across its key sectors, including agriculture, manufacturing, and trade. Myanmar has seen major upheaval since a 2021 military coup upended a wave of unprecedented … Read more

Myanmar’s agri exports surpass US$2 bln in 8 months

December 16, 2023 by YSO

According to the Ministry of Commerce, Myanmar’s agricultural exports amounted to US$2.035 billion in the past eight months of the current financial year 2023-2024, beginning 1 April.The figures fell from $2.364 billion recorded in the year-ago period, showing a drop of $328.349 million.Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, … Read more