Category: Highlights

Asian Development Bank commits USD 200 million for companies fighting COVID-19

The Asian Development Bank (ADB) will make available USD 200 million through its Supply Chain Finance Program for companies manufacturing and distributing medicines and other items needed to combat the novel coronavirus (COVID-19). Companies manufact

Read More

ASEAN becomes China’s largest trading partner in 2020

The Association of Southeast Asian Nations (ASEAN) has replaced the EU to emerge as China’s largest trading partner in the first two months this year, customs data showed. Trade between China and ASEAN economies rose by 0.5 percent year-on-year

Read More

Gvt: Soft loans, tax exemptions to ease impact of COVID-19 on SMEs

Addressing the nation on national TV on March 16, State Counsellor Daw Aung San Suu Kyi laid out some measures for SMEs suffering from the COVID-19 pandemic. Hardest-hit and most vulnerable businesses specially Small and Medium-Sized Enterprises (SME

Read More

ADB estimates COVID-19 impact on Myanmar’s tourism revenues between USD 106 to 318 million

In a newly released publication titled “The Economic Impact of the COVID-19 Outbreak on Developing Asia”, the Asian Development Bank tries to assess the impact on Asia’s economies by the new global pandemic. “The ongoing COVID

Read More

Trade between Myanmar and Thailand down until January 31 at USD 1.16 billion.

According to figures released by the Ministry of Commerce, from October 1st to January 31st, or the first 4 months of the 2019-2020 fiscal year, the total trade between Myanmar and Thailand amounted to USD 1.16 billion, a decrease of USD 97.34 millio

Read More

India closes border with Myanmar due to COVID-19 fears

The COVID-19 global outbreak continues to heavily impact Myanmar. After its borders with China being nearly closed for about 2 weeks and slowly starting to resume operations, it’s India’s turn to start closing border gates indefinitely at

Read More