ADB optimistic about Myanmar growth
An updated outlook report by the Asian Development Bank (ADB) predicts a return to the pre-pandemic growth rate in the next fiscal year. Although the report (titled “Wellness in Worrying Times”) sets Myanmar’s final growth for the c
Tax deadline extended
The government has extended the quarterly income tax deadline for certain industries to until the end of the year as part of its ongoing COVID-19 economic relief effort. Ordinarily taxes would be due at the end of this month, but the Ministry of Plan
Thailand secures Myanmar border
Myanmar’s massive new wave of COVID-19 infections has put Thai health authorities on high alert. Although the new wave originated across the country in Rakhine State, Sophon Iamsirithavorn, director of Thailand’s Division of Communicable
Garment demand down 75%
The COVID-19 pandemic has hit Myanmar manufacturing for months, especially for garments. But a new report shows that lower demand from abroad is also damaging the garment industry. Orders from Europe, normally highest in August, have sunk to barely a
Government offers amnesty for smuggled liquor
Months after the government allowed the import of foreign liquor, it has announced a de facto amnesty for stockpiles of liquor already imported. The Internal Revenue Department is allowing retailers to legitimize their liquor stores by paying a tax o
