Myanmar experiencing 'near-total Internet shutdown'
Myanmar cut Internet service and deployed troops around the country on Monday (Feb 15) in signs of a feared crackdown on anti-coup protests, hours after security forces fired to disperse a demonstration in the country's north. Read More
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UMFCCI Shuts Head Office, Chin-chamber Objects Military Takeover
The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) announced that its head office will be temporarily shut down starting February 10. Read More
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Global & Myanmar Business News
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Myanmar Faces Wider Business Fallout After Kirin Retreat
Myanmar’s political upheaval is prompting global companies from Japan to Thailand to dial back operations in the country, spurring concern about a widening business fallout. Read More
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Myanmar coup may hit Western business interests: Trade experts
The coup in Myanmar is expected to dampen the interest of companies from the United States and other Western countries in investing in the Southeast Asian nation, and may prompt some big American companies to pull out, trade experts and analysts say. Read More
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US sanctions on Myanmar: 5 things to know
U.S. President Joe Biden has announced his administration's strongest actions to date in response to the Myanmar coup that ousted the elected government of de facto leader Aung San Suu Kyi. Read More
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How will Myanmar's military coup impact the economy?
Myanmar is one of the poorest countries in the world and the military coup could have a devastating impact on its economy. Instability and the threat of international sanctions could leave foreign investors looking elsewhere. Also in the show: GameStop shares slide as the market frenzy abates, while Pfizer says it's expecting $15 billion in sales from its Covid-19 vaccine this year. Read More
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Political Unrest Turns Myanmars Agriculture Sector Sour
The military’s forced transfer of power on February 1 has severely hampered the country’s agriculture sector. Exports have stalled while planned projects have been put on hold, said players in the industry. Read More
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Global & Myanmar Logistics News
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Myanmars Container Trucking Industry Suspended Indefinitely
Vice chairman (1) of the association said that approximately 2,750 container transportation trucks have ceased operations since February 12 due to the disruption of port and banking services. Read More
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Truckers Seek Reductions Myanmar Covid-19 Restrictions
Truck drivers servicing the Yangon-Mandalay-Muse route are requesting the relevant authorities to reduce COVID-19 restrictions for long-distance transport personnel. Read More
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Private sector permitted to import COVID-19 vaccines in Myanmar
Myanmar will now permit the private sector to import vaccines approved by the Food and Drug Administration, according to Senior General Min Aung Hlaing in his February 11 report. Read More
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Doctors joining CDM in Myanmar will continue fight against COVID-19
Doctors joining CDM in Myanmar will continue fight against COVID-19 Read More
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Myanmar businesses criticise junta cyber law plans
A group of 50 businesses in Myanmar on Friday criticised new cyber laws proposed by the junta, saying they would contravene human rights, violate data privacy and curtail innovation. Read More
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Muse trade zone see trade slow down
In the 105 mile trade zone in Muse, the main location for China - Myanmar border trade, trading had stalled and had dropped by more than half, due to no one paying the import export duty and due to the closure of private banks. Read More
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Karzo is excited to announce a new service of warehousing
We are delighted to announce that Karzo will be fulfilling your logistics requirements by providing a dedicated Container Freight Station (CFS) service for container stuffing/unstuffing and also warehousing storage facilities from February 1st 2021.
Our dedicated Warehouse team is ready to hear from you!
Reach out to us via sales@karzo.com or +959 444 434 336. Read More
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USD-MMK FX Rate
10/01/2021 - 1338.8
10/02/2021 - 1401.4
Source: https://forex.cbm.gov.mm/index.php/fxrate
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Premium Diesel Yangon
10/01/2021 - 685 MMK
10/02/2021 - 785 MMK
Source: https://maxenergy.com.mm/#pricelist
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Karzo manages the largest virtual truck fleet in Myanmar providing goods transportation for corporate enterprises & SMEs moving cargo anywhere in the country.
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