Will coronavirus infect FDI?

Despite a global economic downturn due to the ongoing coronavirus epidemic, Myanmar’s foreign direct investment (FDI) has been on the rise. Recently, the Myanmar Investment Commission approved 25 new foreign investments totaling USD 90 million,

Myanmar officially virus-free despite lockdown

Myanmar remains one of the only countries in Asia with no official cases of the COVID-19 coronavirus. Nevertheless, the country has redoubled its prevention efforts, banning travelers from the hardest-hit countries and pouring resources into domestic

Signs of hope for pandemic-stricken economy

After months of stalled trade and a crippled tourism industry due to the COVID-19 epidemic, some economic sectors are showing signs of recovery even as others continue to slide. Since January, land trade with China, Thailand and India has taken a ser

Korean Air suspends flights to Yangon

Korean Air has halted flights from Incheon (Seoul) to Yangon until at least April 25th amid the outbreak of COVID-19. The March 3rd announcement from South Korea’s largest airline, stated simply: “Due to the novel coronavirus (COVID-19) o

Myanmar halts cruise ship amid coronavirus scare

Myanmar blocked a cruise ship carrying more than 400 passengers after it docked in Thailand and other countries with confirmed cases of the novel Coronavirus. The ship, which is operated by Silversea Cruises, had previously landed in Phuket, Thailand

Myanmar quarantines 22 as coronavirus hits economy

The Ministry of Health and Sports has quarantined 22 people who have been in contact with a South Korean woman who tested positive for the COVID-19 coronavirus. The woman was diagnosed with the disease in South Korea after having travelled to Malaysi