ADB and IMF predict growth despite pandemic
Current forecasts predict Myanmar to be one of Asia’s few economies to grow amid the COVID-19 pandemic. The recently-released Asian Development Outlook from the Asian Development Bank predicts the Myanmar economy to grow 4.8% this year despite
Visa and flight ban extended to May 15
The government has extended a blanket moratorium on flights and new visas until May 15. The suspensions, originally announced by the Central Committee for COVID-19 Prevention, Control and Treatment, were set to end on April 30. A growing number of ne
EU provides relief to garment factory workers
As the COVID-19 pandemic slams Myanmar’s manufacturing sector, the European Union (EU) will contribute EUR 5 million to factory workers who have lost their jobs. Since the start of the pandemic, at least 40 garment factories have closed and mor
Masks: A new pandemic industry
While the COVID-19 pandemic is taking a toll on nearly every other economic sector, the local medical supply industry may soon see a boost. State media reported that the Myanmar Investment Commission (MIC) has approved new investments in manufacturer
Pandemic update: Cases pass 120, manufacturing takes hit
At the time of writing, Myanmar’s confirmed COVID-19 cases have swelled to 123 with five deaths. Officially, the virus was carried in by individuals returning from countries such as Britain and the United States and Singapore. Famous musicians
