Fiscal year in review: GDP tanked, FDI held
A tumultuous 2019-2020 fiscal year has finally come to a close. The COVID-19 pandemic wreaked havoc on Myanmar’s economic growth, with most estimations dropping below 2% from last year’s 6.8% growth. (The Asian Development Bank, for examp
Pandemic hits crop prices
Agriculture prices are fluctuating as the pandemic stalls supply chains, throttles border trade, and affects both supply and demand of certain commodities. This week, the Myanmar Times reported surging prices of watermelons as border restrictions lim
Mandalay outbreak could infect trade
Myanmar’s second largest city is scrambling to prevent its own full-scale epidemic with a stay-at-home order, spot temperature checks, and other lockdown measures. And although (at the time of writing) Mandalay has less than 500 confirmed COVID
Mobile wallets boom as pandemic burns on
The second wave of COVID-19 shows no signs of slowing, and continues to deal blow after blow to the economy. This week, KBZ Bank announced that it would temporarily close 51 of its Yangon branches, leaving only 92 open as the city remains under tight
