A stimulus package cobbled together by the government to mitigate against COVID-19 economic shocks has been largely welcomed by businesses and investors although details were vague. There are also doubts over the plan’s capacity to support swathes of Myanmar’s formal and informal economy. The government’s 15-page document, released April 27, listed more than 50 measures […]
Read MoreMinistry of Post and Telecommunications (MPTC) this week opened discussions for the draft on 2020-2030 cooperation plan Lancang-Mekong countries. The purpose of the dissuasion is to review and comment on the draft concerning the infrastructure linking Lancang-Mekong countries. The Ministry of Post and Telecommunications’ Secretary of State, Khay Khunheng, who chaired the meeting said the […]
Read MoreThe government is negotiating for foreign aid and assistance from the World Bank, Asian Development Bank and International Monetary Fund (IMF) to help it implement a stimulus plan aimed at providing relief to businesses and industries affected by COVID-19, said U Maung Maung Win, deputy minister of Planning, Finance and Industry. The COVID-19 Economic Relief […]
Read MoreThe manufacturing sector recorded an accelerated downturn in April as a result of COVID-19, according to a survey from IHS Markit. The headline IHS Markit Myanmar Manufacturing PMI (Purchasing Managers Index) plummeted to 29.0 in April from 45.3 in March, signaling a severe decline in manufacturing business conditions in Myanmar.  The PMI is a composite […]
Read MoreOnepay this week launched a new mobile interbank platform from which users can transfer money among seven local banks -Asia Green Development Bank (AGD), Ayeyarwady Bank (AYA), CB Bank, KBZ Bank, Myanma Apex Bank (MAB), uab Bank and Yoma Bank – without physically going to any of the bank branches. The service was launched in […]
Read MoreDespite a huge increase in approved foreign investments from US$1.9 billion to $3.3 billion during the period between October and March, the actual inflow of foreign direct investments (FDI) are lower. At US$500 million, the inflow of investment in the first quarter of the year fell short of last year’s US$800 million, said U Aung […]
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Thailand
