The government will borrow K1.3 trillion from the Central Bank of Myanmar (CBM) to plug the budget deficit for fiscal 2019-20, deputy minister for Planning and Finance U Maung Maung Win told Pyidaungsu Hluttaw on May 21. This is expected to be around 20 percent of total borrowings to fund the deficit. It also indicates […]
Read MoreThe World Bank Group says it will help Myanmar recover from the COVID-19 pandemic over the next few years, assisting economic growth with a “strong focus on social inclusion”, including conflict-affected areas. The emphasis on coping with the pandemic and developing resilience towards natural disasters is outlined in the group’s Country Partnership Framework for Myanmar, […]
Read MoreFollowing the easing of traffic restrictions in Myanmar, domestic oil consumption has risen from its trough in late April and prices are expected to remain on the upside . “Domestic consumption has just started increasing again after the past two months as there are fewer cases of the virus being reported. In April, the market […]
Read MoreThe Myanmar livestock sector is among the sectors impacted as a result of COVID-19, according to results of a Myanmar Livestock Federation survey released May 18. The survey involved more than 300 livestock businesses across Myanmar. Based on the feedback, the three main challenges faced by the sector are declining livestock prices, a surplus of […]
Read MoreLife insurance providers in Myanmar are upping their game, spurred by the gradual rise of COVID-19 cases in the country. “At the moment, people are more aware of their personal health and are asking if their health and life insurance policies cover COVID-19,” said U Thaung Han, secretary of the Myanmar Insurance Association. In response, […]
Read MoreThe World Bank will support Myanmar under a new country partnership framework from 2020 to 2023, it said on May 18. The framework will focus on three areas – building human capital and fostering peaceful communities, stimulating responsible private sector-led growth and inclusive economic opportunities, and enhancing the resilience of Myanmar to cope with natural […]
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