Tax deadline extended
The government has extended the quarterly income tax deadline for certain industries to until the end of the year as part of its ongoing COVID-19 economic relief effort. Ordinarily taxes would be due at the end of this month, but the Ministry of Plan
Government partners with Singaporean firm to complete infrastructure projects
The Ministry of Planning, Finance and Industry (MOPFI) has finalized an agreement with Singaporean firm Infrastructure Asia to help facilitate investment in new infrastructure projects. Under the deal, Infrastructure Asia will help the MOPFI connect
COVID-19 loan guarantees may become law
Myanmar may soon enact a law to guarantee loans made to small and medium enterprises. The Ministry of Planning, Finance and Industry is drafting a Credit Guarantee Corporation Law, U Thant Sin, director of that ministry’s Financial Regulatory D
Sweeping economic stimulus plan unveiled
The Ministry of Planning, Finance and Industry has released a comprehensive COVID-19 stimulus plan that will inject billions of dollars into the Myanmar economy. In an official report, State Counsellor Aung San Suu Kyi said the plan will both help th
Government banks will merge
Four government-owned banks will eventually merge into one entity in order to streamline their operations, especially for small-scale lending. Union Minister of Planning, Finance and Industry U Soe Win made the announcement at a workshop for micro,
