Challenges caused by the current crises in Myanmar, and KMD impact on pursuing its strategy, business continuity and philanthropy
2021 financial situations (decreased revenue, high currency fluctuations and inflation) and 3rd wave of COVID-19 pandemic in Myanmar had made many businesses in difficult status.
Although Financial revenue has impacted some significant negative effects on KMD since there has been change in consumers’ behaviors and spending due to multiple economic factors as in the industry; KMD still has strong financial and cash flow to ride along the waves in 2021.
For those earlier days of the crisis, KMD was in a Dilemma (difficult choice) situation, but KMD continued to make its best effort to serve all the consumers and survive the situations in Myanmar.
During COVID crisis in 2020, 2021, KMD had contributed over (300+ Million) MMK to the community via public and private channels on COVID-19 pandemic preventions including insurances, taking treatments, post covid 19 and livelihoods of employees during the pandemic lockdown.
60% of KMD employees got vaccinations in 2021.
100% KMD employees received Health and Life Insurance coverage in 2021.
Although there is difficulty in financial situations, KMD is trying to:
continue to provide best quality, affordable prices, promotion prices of ICT products, equipments, services for people
accepting bank transfer, digital money for selling of ICT products, equipments, services, although some people don't trust the usefulness of digital system
continue to provide education / trainings for students, so that students will not lose their time in education
For those earlier days of the crisis in 2021, KMD was in a Dilemma (difficult choice) situation, but KMD continued to make its best effort to serve all the consumers and to survive the situations in Myanmar.
2021 financial situations (decreased revenue, high currency fluctuations and inflation, public untrust of transactions via banking systems) and 3rd wave of COVID-19 pandemic in Myanmar had made many businesses in difficult status.
Although COVID pandemic crisis made some negative business impacts, reduced revenues and increased costs on KMD, KMD strategy is to continue to fairly & equally serve and communicate to all relevant external stakeholders such as customers, students, suppliers, creditors, the local community, society, organizations, etc., for the prevention and safety of COVID at KMD Sales Centers, Services Centers, Education Training Centers, and for the continuity and sustainability of businesses. And KMD have followed its strategy as it aimed.