Tile: Future of workplace
Date: 11 Sep 2020, 8:00 P.M
Speaker:
Moderator: U Tin Zan Kyaw (President & Founder, Device Consulting Group)
Contact Address: https://www.facebook.com/events/780819646083934/
Organizer: Myanmar B2B TV
Title: Series 5:Building Better Business Integrity in Myanmar, Webinar
Date: 11 September 2020, 4:00-5:00 P.M
Speaker: Ms. Vicky Bowman ( Director, Myanmar Center for Responsible Business, MCRB)
Guest Speaker: Mr. Thomas Crick ( Project Manager, Strengthening Accountability and Rule of Law Project, UNDP)
Contact Address: https://www.eventnook.com/event/register/71052
Organizer: Myanmar-Hong Kong Chamber of Commerce and Industry
Title: 3rd Emerging Asia E-Commerce & Last Mile Logistics Summit 2020
Date: 09 – 10 Sep 2020, 9:00 A.M – 6 P.M (General)
Contact Address: http://www.magenta-global.com.sg/index.php
Organizer: Magenta Global Pte Ltd
Jade sales have taken a hit as a result of poor demand from China in the wake of COVID-19 and prices of the green mineral have halved in recent month. Demand from China has fallen. The Chinese government does not encourage investments or trade in this area. Meanwhile, production of high-quality jade in Hpakant, Kachin State, has also declined amid the pandemic.
There are just a few active jade miners currently, even through small-scale jade mining blocks have been granted. As a result, commercial-quality jade has become more affordable in the market.The other reason for the lower demand is the cancelling of gems emporiums, where jade is legally auctioned to foreign buyers. Before COVID-19 , Myanmar typically held large-scale emporiums twice a year in Nay Pyi Taw. Other jade and gems fairs in Yangon, Mandalay and Myitkyina have also been called off, although there have been enquiries on when these will resume.
The majority of Myanmar jade is exported to China. As a result, the Myanmar government has potentially lost billions in revenue from having to suspend this year’s gems emporiums due to the outbreak of COVID-19. Each fair typically draws revenues of €500 million each. As the state receives a 40 percent share of capital emporium sales in the form of taxes, its revenue has declined about €400 million this year.
Source: Myanmar Times
Construction companies are worried over the impact of a national work-from-home (WFH) order as a result of COVID-19 on their businesses. The Central Committee for Prevention, Control and Treatment of COVID-19 on September 7 issued an announcement that only half of the civil workforce should report physically for work, while the other half should work from their homes or residences.
The 50 percent WFH scheme for employees was adopted in April and May during the first outbreak of COVID-19, but was discarded in June when the number of cases dwindled. The scheme has now been reinstated with cases on the rise. Although WFH arrangements can be adopted in sectors that do not require their employees to come to the office, it is much harder for the construction sector to reduce the number of workers on-site. Others are trying their best to comply with latest instructions to avoid further consequences.
Basins, hand sanitizers and masks have been placed at construction sites and dining areas and arrangements have been made for construction workers to work six feet apart from one another. The construction sector is providing the most job opportunities for workers now and they are trying their best to keep their business running. The construction sector is only starting to recover after most work came to halt between March and May. During that period, some small private constructors went out of business due to cash flow problems.
Source: Myanmar Times