COVID-19 loan guarantees may become law
Myanmar may soon enact a law to guarantee loans made to small and medium enterprises. The Ministry of Planning, Finance and Industry is drafting a Credit Guarantee Corporation Law, U Thant Sin, director of that ministry’s Financial Regulatory D
Sweeping economic stimulus plan unveiled
The Ministry of Planning, Finance and Industry has released a comprehensive COVID-19 stimulus plan that will inject billions of dollars into the Myanmar economy. In an official report, State Counsellor Aung San Suu Kyi said the plan will both help th
ADB and IMF predict growth despite pandemic
Current forecasts predict Myanmar to be one of Asia’s few economies to grow amid the COVID-19 pandemic. The recently-released Asian Development Outlook from the Asian Development Bank predicts the Myanmar economy to grow 4.8% this year despite
EU provides relief to garment factory workers
As the COVID-19 pandemic slams Myanmar’s manufacturing sector, the European Union (EU) will contribute EUR 5 million to factory workers who have lost their jobs. Since the start of the pandemic, at least 40 garment factories have closed and mor
Pandemic update: Cases pass 120, manufacturing takes hit
At the time of writing, Myanmar’s confirmed COVID-19 cases have swelled to 123 with five deaths. Officially, the virus was carried in by individuals returning from countries such as Britain and the United States and Singapore. Famous musicians
