COVID-19 plan will cost USD 2 billion
The final price tag of the COVID-19 Economic Relief Plan (CERP) will reach USD 2 billion, the Ministry of Investment and Foreign Economic Relations has revealed. The cost will be covered by a combination of government spending and foreign aid. Intern
Investment ministry predicts bad year
Although to this point Myanmar’s foreign direct investment has enjoyed a strong fiscal year, the Ministry of Investment and Foreign Economic Relations (MIFER) predicts the COVID-19 pandemic will put a huge dent in short term FDI. “My concern
Workers at the center of Myanmar’s COVID-19 battle
In a recent meeting with the ministers of Kayin, Mon and Thaninaryi, State Counsellor Daw Aung San Suu Kyi gave assurances that returning migrants would find safety and acceptance. She urged people who have been working illegally in China, Thailand a
Govt releases list of essential businesses
The Ministry of Labour, Immigration and Population has identified a list of businesses that must be allowed to stay open during the ongoing COVID-19 pandemic. The list (included at the end of this article) includes fire fighting services; hospitals,
COVID-19 loan guarantees may become law
Myanmar may soon enact a law to guarantee loans made to small and medium enterprises. The Ministry of Planning, Finance and Industry is drafting a Credit Guarantee Corporation Law, U Thant Sin, director of that ministry’s Financial Regulatory D
