This article was written by Sean Turnell and posted on East Asia Forum
On 1 July 2020, the European Union and six of its member governments announced a moratorium on debt repayments due from Myanmar. The agreement allows Myanmar to ‘focus efforts on economic recovery from COVID-19’ and is worth...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The Myanmar economy is projected to rebound faster than regional and global averages and will benefit from China’s relatively swift recovery, according to Oxford Business Group’s report called Covid-19 Response Report
(CRR) , produced in partnership with the medical equipment supplier Okkar Thiri.
While no economy remains immune to...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
The Ministry of Health and Sports has relaxed its restriction on public gatherings by allowing up to 30 people to gather starting from August 16 as Yangon, the most important commercial city in Myanmar, has not reported any new locally transmitted COVID-19 cases for other three months....
Japanese drinks giants Kirin Holdings booked an impairment loss of over 21.4 billion yen ($193 million) in the six months through June on account of its beer production businesses in Myanmar.
But it is not planning to exist in Myanmar, Reuters reported quoting senior executive officer Toru Yoshimura from Kirin,...
After the Central Bank of Myanmar has tightened the dollar exchange rate to between 0.5% of its reference rate by an order issued on November 9, the dollar rate against Myanmar Kyat has dropped to MMK 1,778 per dollar today.
Following the order, there were more buyers than sellers in...
The State Administration Council has imposed K20,000 per SIM card on the sales and activation of the SIM Cards and 15% commercial tax on internet services after amending Union Tax Law 2021.
"No matter what provisions the Commercial Tax Law comprises, only
once commercial tax shall be levied K20,000 per the...
The International Labour Organization (ILO) estimated that some 1.6 million jobs were lost in Myanmar in 2021 with the military takeover compounding the impact of the COVID-19 pandemic.
Among the population impacted by the weakened labour market, women workers were hit most.
Working hours are estimated to have decreased 18 per...
The emergence of the Myanmar Centre Project
Yangon, the commercial capital of Myanmar, welcomed a 100% foreign direct investment from Vietnam’s Hoang Anh Gia Lai (HAGL) Myanmar in the form of the Myanmar Centre Project which began to take shape in 2013.
With the aim of giving a quality retail shopping...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
Written by Linn Thit
The Central Bank of Myanmar is preparing for a QR Code System for interbank payment this year in order to overcome the barriers to interbank cash transfer allowing banks, mobile money services, and fintech to interconnect.
There are 27 private banks and 13 foreign bank...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည်
Written by Linn Thit
The government of Myanmar has launched its economic stimulus packages to help survive the local enterprises in the face of harsh economic uncertainties caused by the COVID-19 pandemic.
On April 27, it announced an economic relief plan: 'Overcoming as One: Covid-19 Economic Relief Plan'
However, it...
