Virus-Hit Sectors In Myanmar

To date, ASEAN has over 200,000 coronavirus infections across all 10 member states, with more than 6,000 fatalities as a result of the deadly disease. Although other regions such as Europe and the Americas have recorded more COVID-19 cases compared to Southeast Asia – the pandemic has still managed to ravage livelihoods and local industries […]

Myanmar Govt Suspends Advance Tax on Exports to Aid Virus-Hit Businesses

YANGON—Amid calls from the business community for government assistance to cushion the economic impact of the global coronavirus pandemic, Myanmar’s State Counselor announced a waiver of the 2 percent advance income tax on exports until the end of this fiscal year. The current fiscal year 2019-20 started on Oct. 1 and ends on Sept. 30. […]