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Irrawaddy Business Roundup

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Business Roundup
Myanmar continues to attract foreign investment from Europe and Hong Kong, despite the impact of COVID-19, which continues to hit exporters.

Irrawaddy Business Roundup

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Business Roundup
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.

Irrawaddy Business Roundup

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Business Roundup
To break the COVID-19 blues, Myanmar’s government has extended tax exemptions and held talks with South Korea to boost bilateral trade.

Irrawaddy Business Roundup

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Business Roundup
Bucking the COVID-19 downturn, Myanmar is seeing rapid activity on Yangon’s new city and the Dawei industrial zone.

The Irrawaddy Business Roundup

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Business Roundup
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.

The Irrawaddy Business Roundup

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Business Roundup
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.

The Irrawaddy Business Roundup

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Business Roundup
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.

Irrawaddy Business Roundup

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Business Roundup
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.

Irrawaddy Business Roundup

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Business Roundup
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.

The Irrawaddy Business Roundup

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Business Roundup
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.

Irrawaddy Business Roundup

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Business Roundup
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.

Irrawaddy Business Roundup

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Business Roundup
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.

Irrawaddy Business Roundup

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Business Roundup
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.

The Irrawaddy Business Roundup

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Business Roundup
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.

The Irrawaddy Business Roundup

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Business Roundup
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.