Category: Highlights

IFC finances Myanmar off-grid solar program

The World Bank, through the International Finance Corporation (IFC), has issued a USD 3.45 million grant to help the government of Myanmar finance an off-grid solar program. The programme is co-funded by the Global Partnership for Results Based Appro

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Trade deficit more than doubles in current FY

The total trade between Myanmar and foreign countries reached over USD 28.3 billion in ten months of the present fiscal year (FY) 2019-2020, according to figures released by the Ministry of Commerce. Though on an upward trend – the total extern

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UK-based company to invest in cattle and dairy production

The Global New Light of Myanmar reported comments from Mandalay Region’s Chamber of Commerce and Industry’s (MRCCI) Vice President, U Moe Kyaw Kyaw, saying that UK-based investment company United Green is planning to invest approximately

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Fishery industry expected to rake-in up to USD 1 billion this FY

According to Ministry of Commerce data, over USD 680 million has been earned from fishery exports to over 40 countries, including China and Thailand, since the start of the current fiscal year in October 2019. The total earnings exceed by USD 100 mil

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EU suspends USD 100 million of Myanmar’s Debt

Six European Union states have deferred debt payments from Myanmar worth nearly USD 100 million for the rest of this year to help the country’s efforts to focus on economic recovery from the COVID-19 pandemic. Reported by several media outlets last

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Manufacturing PMI jumps in June 2020

Myanmar’s manufacturing sector showed signs of recovery in June despite ongoing measures to contain the coronavirus disease 2019 (COVID-19) outbreak. The IHS Markit Myanmar Manufacturing PMI increased to 48.7 in June 2020 from 38.9 in the prior

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