Gold prices rise globally, fall in Myanmar
Although the value of gold is rising on global markets, prices are falling in Myanmar. While gold is selling for around USD 1800 per ounce in the global market, Myanmar’s gold traders are currently selling for around USD 900 (MMK 1.22 million)
SEC predicts rapid recovery
Despite a trading downturn during the COVID-19 crisis, the Securities and Exchange Commission believes capital markets will make a swift recovery when the pandemic dies down. Speaking to the Bangkok Post, SEC commissioner U Htay Chun said his organiz
IMF gives additional USD 356.5 million
The International Monetary Fund (IMF) has approved USD 356.5 in financing to aid Myanmar’s fight against COVID-19 and efforts to protect its economy. IMF has granted the financing in two forms: a disbursement of about USD 118.8 million under it
Travel ban extended again
The Ministry of Foreign Affairs has extended the ban on most international flights and visas until the end of July. It is the sixth time the restrictions, originally introduced on May 15, have been prolonged. Under the restrictions, almost all intern
Govt announces stimulus payments for millions of families
As the COVID-19 pandemic takes its toll on employment numbers, the government will soon give cash assistance to each of Myanmar’s families. President’s office spokesperson U Zaw Htay announced that, once the measure is ratified, 5.4 milli
