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.
This week, garment factories say they have almost no orders from the EU, the government says GDP will grow by 6 percent next year and China okays official rice imports Myanmar.
Foreign direct investment continues to arrive in Yangon despite the global impact of COVID-19 as the Naypyitaw authorities promise larger loans to keep employers afloat.
This week, six EU states suspended debt payments from Myanmar while the country resumed rice exports, approved new investments and allocated US$10.6 million in loans.
This week, many regions in Myanmar approved new investments, the World Bank released a new GDP projection and local firm Yoma moved to back mobile money company Wave Money.
This week, Myanmar officials said foreign investment for 2019-20 is on track and a Korean industrial complex will go ahead as they lifted limits on foreign ownership of banks.
Tourism businesses began to reopen this week, investors backed the industrial and garment sectors and a new survey showed what Myanmar businesses need to survive COVID-19.
This week, Myanmar saw a major loan commitment from Japan, government loans for tourism businesses and new data on the drop in trade across the Chinese border.
This week Myanmar’s government approved international loans, pushed e-commerce, signed a deal with Singapore, lifted a ban on liquor imports and approved new investments.
Myanmar will obtain $200 million in loans from the World Bank to fund a post-COVID-19 recovery for the agriculture sector, a deputy minister told Parliament.
This week Myanmar saw major pledges from the World Bank and Alibaba as the government promised COVID-19 relief will reach businesses beyond Yangon.
Businesses are emerging from COVID-19 restrictions and overseas investments have been announced but workers and fishing crews face economic turmoil.
Myanmar’s economy is beginning to look at its post-COVID-19 future as Sri Lanka places food orders and the EU puts the country on its money-laundering blacklist.