News

  • Myanmar Central Bank Cuts Rates by Another 1.5 Percentage Points Amid COVID-19 Slowdown
    Wednesday, April 29, 2020 - 17:30

    By THE IRRAWADDY 28 April 2020

    YANGON—The Central Bank of Myanmar (CBM) has cut its key interest rates by a further 1.5 percentage points as the global COVID-19 pandemic continues to take a toll on the country’s economy.

    This is the third time the CBM has reduced rates since it anno...

    https://www.irrawaddy.com/
  • Almost 25,000 to be freed under Myanmar prisoner amnesty
    Saturday, April 18, 2020 - 03:15

    YANGON, Myanmar (AP) — Myanmar announced Friday that it was releasing almost 25,000 prisoners under a presidential amnesty marking this week's traditional New Year celebration.

    The release for the Thingyan holiday was announced in a statement from President Win Myint's office. Mass amnesti...

    Yahoo news/AP
  • Chinese automakers move into Myanmar to battle Japanese rivals
    Monday, April 13, 2020 - 06:00

     Reuters YANGON -- Chinese automakers are ramping up local production in Myanmar as they go head to head with dominant and entrenched Japanese rivals in the fast-growing market. There was a fivefold increase in the number of new cars sold in Myanmar in the three years to 2019, when sales hit 21,9...

    Nikkei Asian Review
  • Myanmar’s Military Donates Wages to COVID-19 Fight
    Tuesday, April 7, 2020 - 19:30

    Naypyitaw — Myanmar’s commander-in-chief Senior General Min Aung Hlaing and his armed forces say they have collectively donated over 2.245 billion kyats (US$1.6 million) to be used in the prevention, control and treatment of COVID-19.

    The amount included a month’s salary of Senior General...

    The Irrawaddy
  • Myanmar stops all int’l commercial flights from landing
    Monday, March 30, 2020 - 17:00

    Myanmar Airways International announced that it will no longer be able to accommodate any inbound passengers, including Myanmar citizens stranded abroad effective 11:59pm March 30 until 11:59pm April 13.​​​​​

    Myanmar Times (30 March 2020)
  • Migrant Workers Stream Home as Thailand’s Economy Goes into Covid-19 Lockdown
    Friday, March 27, 2020 - 21:30

    27 March 2020

    Bangkok – As Thailand curtails economic activity and begins to close its borders to limit the spread of the COVID-19, thousands of jobless migrant workers from neighbouring Myanmar, Cambodia and the Lao People’s Democratic Republic are returning home.

    The announcement...

    UN Migration (IOM)
  • Myanmar repatriates suspected remains of US WWII servicemen
    Sunday, March 22, 2020 - 19:15

    U.S. military guard of honor carry a coffin covered with U.S. national flag during a repatriation ceremony at Mandalay International Airport Thursday, March 12, 2020, in Mandalay, central Myanmar. The U.S. military has repatriated what may be the remains of service personnel who were lost in acti...

    Washington Post/Associated Press
  • U.S. Provides Additional Assistance to Myanmar to Respond to Novel Coronavirus COVID-19
    Thursday, March 19, 2020 - 22:15

    YANGON – The U.S. Government has committed $1.8 million to mitigate the spread of COVID-19 in Myanmar from the Emergency Reserve Fund for Contagious Infectious Diseases at the U.S. Agency for International Development (USAID). USAID is providing these funds to the World Health Organization (WHO),...

    U.S Embassy in Myanmar
  • Myanmar army blocks bid to slash parliamentary power base
    Friday, March 13, 2020 - 18:30

    Amendment reducing military seats in Parliament over 15 years gained majority support, but missed 75 percent threshold.

    Myanmar's military has quashed constitutional amendment proposals in Parliament that would have reduced the number of seats reserved for the army, in a vote pitting the a...

    https://www.aljazeera.com/
  • Posco International discovers new gas reservoir
    Friday, February 28, 2020 (All day)

    Korea's  largest trading company POSCO International said Monday it has discovered a new gas reservoir in Myanmar, where it is already operating a large-scale gas field. The company said it hopes to develop another gas field there pending positive evaluation of the deposit's viability.

    Korea Times