Parliament approves borrowing from IMF and JICA
Parliament has approved accepting large loans from the International Monetary Fund (IMF). This funding will help the government carry out its sweeping COVID-19 Economic Relief Plan (CERP), which may cost as much as USD 2 billion. During the same sess
New law aims to reduce imports
The Myanmar parliament has passed legislation designed to limit foreign imports, boost domestic manufacturing and strengthen the Myanmar kyat. The new law calls for the formation of a new Committee for Preventing an Increased Quantity of Imports (und
Beach near Yangon slated for tourism development
The Yangon Region Government has added a beach just south of Yangon to Myanmar’s growing list of coastal development projects. Sel Ein Tan coastal area, which includes Letkhokkon Beach, will receive upgraded infrastructure in a bid to attract m
Thailand to set guidelines for link with Myanmar
The Thai government is mulling the guidelines and standards for the vital infrastructure that will link the country with Myanmar’s Dawei Special Economic Zone. Thailand’s National Economic and Social Development Council (NESDC) has reques
World Bank report praises Myanmar progress
The World Bank’s Doing Business 2020 report ranked Myanmar among the top 20 most-improved business environments. The report evaluates countries based on how easy it is to do business in them. It looks at factors such as access to credit, taxation,
