Limited relief for microfinance borrowers as the clock ticks on debt payments

Myanmar’s five million microfinance borrowers will resume repayments on May 15, but many are now jobless or on reduced incomes because of COVID-19 and the health of the US$1.3 billion sector is unclear. By HEIN THAR | FRONTIER Ko Zaw Zaw Aung, general manager at the Kyauk Sein footwear factory in Yangon’s South Dagon Industrial […]

Secondhand car sales resume in Yangon

Since COVID-19 cases were first detected in Myanmar in late March local car sales took a hit. Used car sales from Japan, however, have seen increased transactions leading up to the end of April. “The automobile market came to a halt when the first cases of COVID-19 were reported. As the Road Transport Administration Department […]

Too few are getting access to Myanmar govt’s emergency COVID fund: businesses

Of the 200 companies eligible to receive a government COVID-19 soft loan, just 20 qualify for funding of more than K100 million. These included firms in manufacturing, trading and industry. Out of the 70 tourism and hotel-related companies that qualified for financing, just one, Inle Princess, was eligible for a loan of K100 million and […]