WB: USD 50 Million in Fast-Track Financing for National COVID-19 Emergency Response
In a press release on April 20, the World Bank announced that it had approved a USD 50 million credit for the Myanmar COVID-19 Emergency Response Project. “This fast-track financing will help Myanmar fill a critical gap in its contingency plan to u
Pandemic update: Cases pass 120, manufacturing takes hit
At the time of writing, Myanmar’s confirmed COVID-19 cases have swelled to 123 with five deaths. Officially, the virus was carried in by individuals returning from countries such as Britain and the United States and Singapore. Famous musicians
Myanmar attends ASEAN Plus Three pandemic video conference
State Counsellor Aung San Suu Kyi met with leaders of ASEAN Plus Three (which includes all ASEAN nations as well as South Korea, China and Japan) in a video conference to discuss coordinated measures to protect the region amid the COVID-19 pandemic.
Pandemic stalls stock exchange reform
In March, the Yangon Stock Exchange opened to foreign traders and announced that it would add a sixth company to its bourse. Yet the subsequent COVID-19 pandemic has driven away new investors and sent stock prices into a nosedive. “After two tradin
Thingyan cancellations slam domestic markets
Thingyan is usually an annual boom for many consumer-facing industries. People stock up on food and alcohol, spend money on concerts, parties and other events and full busses, planes and trains as they return to their homes for the holidays. But as t
