Month: September 2020

Myanmar Times | Swift action is necessary for Myanmar to ensure that the pandemic does not increase poverty, according to the World Bank’s bi-annual regional update. The World Bank on September 28 released its October 2020 Economic Update for East Asia and the Pacific. It earlier cut Myanmar’s GDP growth to 0.5 percent from 6.8pc […]

Myanmar Times | Myanmar’s commerce ministry will revive a scheme that rewards officials with car import permits in the midst of an economic crisis caused by the COVID-19 pandemic and despite public and industry protests. The Ministry of Commerce, headed by National League for Democracy (NLD) minister U Than Myint, said in a September 29 […]

Mizzima | The COVID-19 pandemic is a significant setback for the world’s ambition to achieve the Sustainable Development Goals (SDG), in particular for poor countries and population groups. United Nations Secretary-General Antonio Guterres has rightly called this crisis the worst since World War II. The economic ramifications could rival those of the Great Depression in […]

Myanmar Times | Approval has been obtained for the setting up of a second stock exchange, or pre-listing board, will be set up for the purpose of trading shares in public companies that have yet to list on the Yangon Stock Exchange (YSX), U Thet Htun Oo, Executive Senior Manager from the YSX, said during […]

Myanmar Times | The digital payments sector has grown by 7.1 percent this year, with numbers surging during the COVID-19 lockdowns, according to data from the Oxford Business Group. The business advisory group’s research is summarised in their COVID-19 Economic Impact Assessment report, which shows that the number of new fintech users overall increased by […]