Government to update COVID relief plan
The government has announced a new long-term plan to help the economy recover from COVID-19. The new Myanmar Economic Recovery and Reform Plan (MERRP), which is being drafted, will replace the COVID-19 Economic Recovery Plan (CERP), explained U Thaun
Thailand closes crossing impacting trade
Myanmar passed 40,000 confirmed COVID-19 cases this week. Key industries continue to suffer, and the government continues to scramble to soften the blow. This week, the border crossing at Mae Sot, Thailand, the busiest land portal between the Kingdom
Yangon factories re-open
The Ministry of Health and Sports has announced that it will grant approval to certain factories to resume operations provided they meet strict safety standards. Garment factories and the workshops of small and medium enterprises will be eligible for
Trade exceeds target despite pandemic
Despite nearly a year of uncertainty, Myanmar’s trade volume has managed to weather the COVID-19 pandemic relatively well, according to Minister of Commerce U Than Myint. In a meeting held this week, the minister claimed Myanmar’s trade t
Fiscal year in review: GDP tanked, FDI held
A tumultuous 2019-2020 fiscal year has finally come to a close. The COVID-19 pandemic wreaked havoc on Myanmar’s economic growth, with most estimations dropping below 2% from last year’s 6.8% growth. (The Asian Development Bank, for examp
