CBM takes steps towards smoother financial management

CBM takes steps towards smoother financial management

This week the Central Bank of Myanmar (CBM) made 2 important announcements aiming to improve everyday’s life of banking citizens. First it said that it had “upgraded its payment and settlement system to facilitate transactions between fin
Myanmar Investment Promotion Plan (MIPP) under review

Myanmar Investment Promotion Plan (MIPP) under review

The Myanmar Investment Commission (MIC) along with the Japan International Cooperation Agency (JICA) will jointly review the MIPP, affected by the coronavirus crisis, to boost the agricultural, health, industrial and digitization sectors for the post

JICA loans additional USD 280 million

Myanmar has accepted yet another COVID-19 recovery loan from Japan. This week, the government signed an agreement with the Japan International Cooperation Agency (JICA) to borrow JPY 30 billion (around USD 282 million) for its ongoing COVID-19 Econom

Japan to give USD 420 million in COVID relief

A state visit by Japanese foreign minister Toshimitsu Motegi ended in an offer of JPY 45 billion—roughly USD 420 million—in additional COVID-19 recovery assistance. The foreign minister and State Counsellor Daw Aung San Suu Kyi also discussed way
Hanthawaddy airport project back on track

Hanthawaddy airport project back on track

7Day News Daily reported that the Hanthawaddy International Airport project in Bago Region is back on tracks with the first phase to be completed in 2027 according to a statement released by the Department of Civil Aviation, under the Ministry of Tra

Foreign pandemic loans top USD 2.5 billion

It appears a new round of foreign loans have helped the COVID-19 Economic Relief Plan, or CERP, reach its massive price tag. A new round of parliament-approved financing from Japan and the International Monetary Fund have put the total value of forei