Myanmar may take IMF, World Bank pandemic loans
Myanmar is considering taking advantage of emergency loans from global organizations to help ease the economic fallout of the COVID-19 pandemic. “We may seek emergency funds in the future, if things lead to the need for that,” U Aung Naing Oo, wh
ICG: Pandemic will stall Chinese infrastructure
The International Crisis Group (ICG) believes the ongoing COVID-19 pandemic will slow down Chinese-backed infrastructure projects. According to a recent report by the organization, the spread of the coronavirus has caused and will continue to cause u
IMF predicts slow growth regardless of pandemic
Myanmar should expect “subdued” economic growth thanks to its upcoming election, armed conflicts and an unstable banking sector, said the International Monetary Fund (IMF) in its annual consultation. The IMF reached these conclusions befo
Businesses will enjoy tax breaks, soft loans during pandemic
The Ministry of Planning, Finance, and Industry (MOPFI) will give tax breaks and financial assistance to businesses in industries hit by the global COVID-19 pandemic. These include suspending the 2 percent Advance Income Tax (AIT) on exported goods a
India to buy huge amount of black gram as beans remain steady
The government of India has announced plans to import 400,000 tonnes of black gram beans from Myanmar between May 2020 and March 2021. The price per tonne of black gram is holding at around MMK 1 million per tonne, according to the Myanmar Times. Bla
