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Myanmar govt lifts some virus measures, extends remaining ones until June 15

The Central Committee on Prevention, Control and Treatment on COVID-19 on May 28 announced that it will be extending virus prevention measures (excluding those measures lifted) until June 15. Additionally, the Ministry of Health and Sports said that it has lifted some of the measures imposed to curb the spread of the coronavirus on the […]

Myanmar Airways International to continue cargo transportation

Myanmar Airways International which has been operating the Incheon-Yangon route since December 4, 2019 announced that it will continue to enhance transportation capacity by enabling loading of cargo in the passenger aircraft cabin as well as in belly space on May 20th or certain China routes, operates passenger flights with no passengers but only cargos […]

Microfinance institutions in Myanmar face COVID-19 cash flow crisis

Travel restrictions, government orders to defer repayments and lend at lower interest rates have reduced the ability of microfinance institutions (MFIs) in Myanmar to operate at a time when there is a pressing need for capital from the rural population due to COVID-19. The inability to collect repayments from some borrowers has led to road […]

Myanmar’s hasty solar tender draws criticism from investors

The Ministry of Electricity and Energy (MOEE) is being criticised by the business community over a recent tender for solar power, with key foreign investors pressing for more time to prepare bids and for tough conditions to be revised. The tender, issued by the ministry’s Electric Power Generation Enterprise (EPGE) on May 18, invites companies […]

ADB to extend loans in support of development in Myanmar

Myanmar is planning to take a US$60 million loan from the Asian Development Bank (ADB) to establish a Credit Guarantee Corporation (CGC), U Maung Maung Win, the Deputy Minister for the Ministry of Planning, Finance, and Industry, said in Parliament on May 21. The proposal was sent by the President. U Maung Maung Win said […]

Xi Hopeful on Belt and Road Projects in Myanmar During COVID-19

YANGON—Chinese President Xi Jinping expressed hope that Myanmar will speed up cooperation with China to implement its ambitious infrastructure projects in the country during a recent call with Myanmar President U Win Myint. In the phone conversation on Wednesday, Xi said that he is expecting the two sides will cooperate closely and speed up the […]

Magwe govt allows more than 1000 factories to reopen

Magwe regional government has allowed more than 1000 factories to reopen after inspections were carried out on May 22. The officials allowed reopening of about 1000 factories out of 4000 which have been shut down due to COVID-19 outbreak in Magwe Region, according to Daw Myint Myint Thein, region head for Directorate of Industrial Supervision […]

Hotels to Slash Wages in Myanmar’s Capital Because of COVID-19 Closures

Naypyitaw — Almost all hotels in Naypyitaw’s hotel zone have had to suspend operations due to COVID-19 since March and many are preparing to slash salaries this month. Thirty-six hotels in the hotel zone were operating with a steady income before the first cases of COVID-19 in Myanmar. They have between 100 and 300 employees, […]

Myanmar Power Plants Delayed by COVID-19 to Start Operating in Coming Months

YANGON—Two of five emergency power projects originally scheduled for completion by the summer but delayed due to the COVID-19 pandemic will start operating this month and the rest should be up and running by September, the deputy electricity minister told the Parliament on Tuesday. Deputy Minister for Electricity and Energy (MOEE) U Khin Maung Win […]

IRD expands list of e-payment platforms for taxpayers

Taxpayers will now be able to pay taxes digitally without having to physically visit the local tax office, the Internal Revenue Department (IRD), which is under the Ministry of Planning, Finance, and Industry announced May 25. The e-payment services will be made available by local banks. Starting May 25, taxpayers will be able to pay […]