Travel ban extended again
The Ministry of Foreign Affairs has extended the ban on most international flights and visas until the end of July. It is the sixth time the restrictions, originally introduced on May 15, have been prolonged. Under the restrictions, almost all intern
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
ADB drops growth forecast to 1.8%, WB to 0.5%
In a new forecast, the Asian Development Bank has predicted Myanmar’s economy to grow only 1.8% in 2020 as the COVID-19 pandemic wreaks economic havoc throughout the continent. The prediction came in a June update of the ADB’s annual Asia
Pandemic and election bump deficit to MMK 6.8 trillion
Myanmar could see a budget deficit of MMK 6.8 trillion by the end of the fiscal year, the Finance Commission announced this week. President U Win Myint, who heads the Commission, said total revenue will likely be MMK 27.8 trillion, while total expend
Government extends flight ban
The government postponed the lifting of several lockdown measures, including an international flight ban, until June 30. While restaurants re-open and domestic flights resume, the coronavirus may still be imported into the country from foreign visito
