Japan to give USD 420 million in COVID relief
A state visit by Japanese foreign minister Toshimitsu Motegi ended in an offer of JPY 45 billion—roughly USD 420 million—in additional COVID-19 recovery assistance. The foreign minister and State Counsellor Daw Aung San Suu Kyi also discussed way
Myanmar-ASEAN trade hits USD 9.9 billion
Trade between Myanmar and other ASEAN nations has reached USD 9.9 billion this fiscal year despite the COVID-19 pandemic, according to Ministry of Commerce data reported by Xinhua News, and briefly reported in our Highlights section last week. Since
Online businesses ordered to report to MOC
The Ministry of Commerce (MOC) will soon institute a new registry for businesses in Myanmar’s growing e-commerce industry. Starting in December, online stores will be required to submit basic identifying information as well as their full produc
Power subsidies extended till end of the year
The government will continue providing free power until at least the end of the year as part of the COVID-19 Economic Relief Plan (CERP). The Ministry of Electricity and Energy (MOEE) announced this week that the CERP power subsidies, which began in
India-Myanmar association seeks to rebuild border trade
The Upper Myanmar India Association, a trade organization of around 150 members, is gearing up to revitalize stalled commerce on the India-Myanmar border. First on its list of priorities: a new brokerage that will connect Myanmar and Indian merchants
