Pandemic update: Cases pass 120, manufacturing takes hit
At the time of writing, Myanmar’s confirmed COVID-19 cases have swelled to 123 with five deaths. Officially, the virus was carried in by individuals returning from countries such as Britain and the United States and Singapore. Famous musicians
Aung San Suu Kyi seeks to ease lockdown fears
Myanmar has finally seen its first wave of COVID-19 cases and (at the time of writing) one death from the disease. However, as countries and major cities around the world impose mandatory lockdowns, the government has yet to impose its own widespread
Businesses will enjoy tax breaks, soft loans during pandemic
The Ministry of Planning, Finance, and Industry (MOPFI) will give tax breaks and financial assistance to businesses in industries hit by the global COVID-19 pandemic. These include suspending the 2 percent Advance Income Tax (AIT) on exported goods a
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
