Aung San Suu Kyi seeks to ease lockdown fears
Myanmar has finally seen its first wave of COVID-19 cases and (at the time of writing) one death from the disease. However, as countries and major cities around the world impose mandatory lockdowns, the government has yet to impose its own widespread
Businesses will enjoy tax breaks, soft loans during pandemic
The Ministry of Planning, Finance, and Industry (MOPFI) will give tax breaks and financial assistance to businesses in industries hit by the global COVID-19 pandemic. These include suspending the 2 percent Advance Income Tax (AIT) on exported goods a
Returning migrants threaten efforts to seal borders
The government has attempted to close border checkpoints after confirming its first cases of COVID-19. However, border security has had to reverse and delay its attempts to keep people from crossing due to hundreds of thousands of migrant workers see
Central Bank slashes interest
The Central Bank of Myanmar will slash interest rates by an additional 1 percent after lowering them by 0.5 percent earlier this month. The move will bring the reference interest rate down to 8.5 percent in an attempt to stimulate an economy affected
First COVID-19 cases confirmed as country prepares for worst
The Ministry of Health and Sports has announced its first confirmed cases of COVID-19 in Myanmar. At the time of writing, three people have tested positive for the disease. The first two cases, both Myanmar citizens, were a 26-year-old man arriving f
