DICA optimistic about garment sector despite losses
Although the garment industry has suffered under COVID-19 with hundreds of factories closed and tens of thousands of workers sent home, the Myanmar Investment Commission (MIC) believes renewed investor interest will get the sector back on its feet. A
Quarantine enforced with hundreds of arrests
As Myanmar works to contain COVID-19, authorities have sentenced more than 500 people to jail. The offenders have been charged with violating nightly curfews, stay-at-home orders, bans on gatherings of five or more and other lockdown measures introdu
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
Travel restrictions extended
The Ministry of Foreign Affairs has extended restrictions on international flights and border crossings to June 15. The heavy restrictions, which barred almost all foreign visitors from entering the country by air or land, had been set to end of May
Pandemic aid focuses on SMEs
The Japan International Cooperation Agency (JICA) has announced that it will provide USD 46 million in soft loans for small and medium enterprises (SMEs) suffering from the COVID-19 economic fallout. The money adds to a growing bloc of foreign assist
