US gives USD 16.5 million in COVID-19 assistance
With a recent USD 3 million round of aid, the United States has brought its COVID-19 support for Myanmar to USD 16.5 million. The funds will mainly go towards Myanmar’s healthcare response to the pandemic, which the U.S. State Department and US
Government expects economy to rebound next fiscal year
Although most forecasts have predicted almost no growth this fiscal year, the Ministry of Planning, Finance and Industry expects the economy to rebound to near pre-pandemic levels. On July 13, U Set Aung, deputy minister of the Ministry of Planning,
International flight ban may last to October
This week, the government once again extended quarantine restrictions, this time to July 31. Yet the ban on international flights and most visas could last much longer, according to Vice President Henry Van Thio. Speaking to the National Tourism Deve
Gold prices rise globally, fall in Myanmar
Although the value of gold is rising on global markets, prices are falling in Myanmar. While gold is selling for around USD 1800 per ounce in the global market, Myanmar’s gold traders are currently selling for around USD 900 (MMK 1.22 million)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
