A woman from Rathedaung filed a complaint with police saying she was raped by three Myanmar military soldiers who also attempted to rape her 19-year-old daughter.
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.
Six European Union countries agreed to a one-year deferral for debt payments from Myanmar worth almost US$100 million, in a bid to help the country deal with COVID-19.
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.
The Ministry of Commerce says construction will start soon on the Kyaukphyu deep-
sea port, a key piece of China’s Belt and Road Initiative with access to the Indian Ocean.
Small and medium-sized enterprises (SMEs) in Myanmar say they aren’t able to access government and foreign-backed loans due to strict repayment and application requirements.
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.
Officials says the Arakan Army won’t destabilize Rakhine State's administration despite its serial attacks on security forces and officials resigning over security concerns.
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.
The Myanmar government is working with a Swiss company to evaluate a Chinese study of the planned Muse-Mandalay Railway, part of Beijing’s Belt and Road Initiative.
The Asia Foundation found that Myanmar businesses need an additional stimulus of up to US$1.5 billion to stay afloat until September.
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.
The Japanese beverage company has hired Deloitte to review the finances and governance of a Myanmar military-owned company with which it co-owns two beer companies.
The Japan International Cooperation Agency announced an emergency loan program for businesses in Myanmar as part its plans to help Myanmar weather the impacts of COVID-19.
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.