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IMF projects muted growth for 2021 economy
Business
18 Jan 2021
Myanmar's economy is expected to post muted growth this year due to the impact of COVID-19, but should rebound...
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Myanmar seeks around US$1B to acquire COVID-19 vaccines
COVID-19
Business
21 Dec 2020
Myanmar is asking the World Bank, Asia Development Bank (ADB), Japan International Cooperation Agency (JICA) and...
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Myanmar to grow by 6% in 2021: ADB
Business
14 Dec 2020
The Myanmar economy is forecast to expand by 6 percent in 2021, according to the Asian Development Bank (ADB) in...
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Myanmar receives loans to boost electricity access in poorer states
Business
07 Dec 2020
The Asian Development Bank (ADB) on December 5 approved a US$171 million loan to help Myanmar construct 44 medium-...
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Construction of Bago-Kyaik Hto Expressway to commence in 2022
Business
04 Nov 2020
Construction of an expressway connecting the city of Bago and Kyaik Hto township in Mon State is expected to start...
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ADB approves loan to fund new Myanmar expressway
Business
02 Nov 2020
The Asian Development Bank (ADB) has approved a US$483.8 million loan to build a 64-km expressway connecting the...
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Yangon receives ADB loan to improve water supply system
Business
01 Oct 2020
The Asian Development Bank (ADB) has approved a US$180 million loan to develop and upgrade the water supply system...
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Myanmar’s economic growth to recover but FDI under threat: ADB
COVID-19
Business
16 Sep 2020
Myanmar’s economic growth is expected to recover in the coming 2020-21 fiscal year, but the impact of a weakened...
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Govt targets 6% GDP growth in 2020-21
Business
31 Aug 2020
Parliament has approved the National Planning Law for fiscal 2020-21, under which the Myanmar economy is forecast...
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Myanmar approves ADB loan, outstanding debt hits K40.8 trillion in 2018-19
Business
28 Jul 2020
Myanmar's outstanding local and foreign debt stood at K40.8 trillion at the end of September 2019, which is close...
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Myanmar govt proposes borrowing from ADB for key infrastructure
Business
20 Jul 2020
The government is proposing to ask Myanmar's international development partners for funds to build key...
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Myanmar economy to expand 1.8% this year: ADB
COVID-19
Business
23 Jun 2020
The Myanmar economy is expected to grow at just 1.8 percent in 2020, according to updated forecasts by the Asian...
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