Month: August 2020

Global New Light of Myanmar | Under the 2021 vehicle import policy, 2019 will be the oldest model to be given an import permit for private cars with non-commercial purpose, according to the press release of the Commerce Ministry. Except for machinery, all import vehicles must be left-hand drive under the 2021 vehicle import policy. […]

The Irrawaddy | YANGON – China’s top diplomat is planning to visit Myanmar this week, according to the Chinese Embassy in Yangon. The giant to Myanmar’s north appears to be planning a charm offensive as it looks to improve its access to the Indian Ocean. Yang Jiechi of the Political Bureau of the Communist Party’s […]

Myanmar Times | Parliament has approved the National Planning Law for fiscal 2020-21, under which the Myanmar economy is forecast to grow at a rate of 6 percent. In comparison, the economy was projected to expand by 7pc in fiscal 2019-20 but due to COVID-19 is now expected to have grown by just 4.3pc instead, […]

Myanmar Times | Parliament has approved a public budget of K34.1 trillion for the fiscal year 2020-21 under the Union Budget Law after slashing some K520 billion, around 1.5 percent, from the initial budget proposed. “The initial budget involved huge spending commitments which poses a risk for the next elected-government,” said MP U Khin Cho […]

The Irrawaddy | YANGON — As Myanmar reported a daily record spike in COVID-19 cases this week, some businesses decided to work from home. Meanwhile, five foreign investment proposals and one domestic investment were approved for Yangon. Moreover, the investment agencies announced the government’s decision that foreign staff from companies with operations in Myanmar must […]