Myanmar govt preparing plans to counter virus impacts on country’s economy, State Counsellor says

The government on Monday announced that it will implement relief measures to address the possible economic impacts of the COVID-19 pandemic might bring to the country. State Counsellor Daw Aung San Su Kyi said this in televised address to the country about measures that will be taken to prevent, control and treat the virus if […]

Companies still owe gold to Myanmar govt for mining concessions: official

Small-scale gold miners owe the government some 13,300 ticals in ore, a senior government official revealed to the Pyidaungsu Hluttaw (Assembly of the Union) last Friday. Deputy Minister for Natural Resources and Environmental Conservation U Ye Myint Swe said the arrears in payments for concessions granted to small-scale miners are from 2007 to the present. […]

Myanmar govt to launch roadmap for financial inclusion

FOLLOWING liberalisation of the banking and insurance sectors by allowing 100 per cent foreign direct investment (FDI), Myanmar plans to launch a financial inclusion road map by next month, according to Thant Zin, director at the Financial Regulatory Department (FRD). He told the 4th Emerging Asia Banking and FinTech Summit 2019 on Tuesday that Myanmar […]