As Myanmar continues to attract foreign investment, a sweeping study by the Organization for Economic Cooperation and Development has called for reform of state-owned industries.
This week, Myanmar inked the world’s largest free-trade pact, approved loans for pandemic-hit businesses and prepared to scale back COVID-19 restrictions.
Despite the twin distractions of the general election and COVID-19, Myanmar continues to attract investment for major development projects.
Defying Myanmar’s newly extended ban on flights, a US delegation arrived this week promising to boost investment in Myanmar.
Myanmar continues to attract foreign investment from Europe and Hong Kong, despite the impact of COVID-19, which continues to hit exporters.
This week Myanmar’s authorities continued to dig deep into reserves to help firms struggling with COVID-19 while the ban on international flights was extended.
To break the COVID-19 blues, Myanmar’s government has extended tax exemptions and held talks with South Korea to boost bilateral trade.
Bucking the COVID-19 downturn, Myanmar is seeing rapid activity on Yangon’s new city and the Dawei industrial zone.
COVID-19 continues to disrupt the global economy. Myanmar’s exporters are being squeezed by the strong kyat and garment factories face a slump in orders.
Business goes on, despite this week’s COVID-19 spike, with major investment unveiled for Yangon and plans for a large power plant take shape.
Despite the COVID-19 threat, a Myanmar-based company has proposed construction of an oil refinery at Dawei SEZ and there are plans to scrutinize shareholders’ income.
This week, Myanmar saw plans for a new trade terminal in Ayeyarwady, a move to explore new fruit export markets and positive reports on foreign as well as domestic investment.
This week, Myanmar moved to join an Indo-Pacific economic pact and approved over US$500 million in investments, including $180 million for what will be Myanmar’s largest mall.
This week, Myanmar announced new industrial and economic zones and approved US$1 billion in loans, including $250 million for COVID-19 relief and $747 million for a highway.
This week, a survey found 36 percent of export companies have no new orders, MIC said 10 more firms will close and trade data showed a US$200 million drop in exports to China.