Govt announces stimulus payments for millions of families
As the COVID-19 pandemic takes its toll on employment numbers, the government will soon give cash assistance to each of Myanmar’s families. President’s office spokesperson U Zaw Htay announced that, once the measure is ratified, 5.4 milli
State Counsellor says worst yet to come for economy
State Counsellor Daw Aung San Suu Kyi has suggested things will only get worse for Myanmar’s pandemic-stricken economy. In a panel discussion with top finance ministers, the state counsellor warned that the economic downturn will reach its lowe
Foreign pandemic loans top USD 2.5 billion
It appears a new round of foreign loans have helped the COVID-19 Economic Relief Plan, or CERP, reach its massive price tag. A new round of parliament-approved financing from Japan and the International Monetary Fund have put the total value of forei
