Since the February 1 coup pushed Myanmar’s economy off the edge, residents living in informal housing on the urban fringe – already battered by the COVID-19 pandemic – are being pushed to the brink of starvation.
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IN LATE April, the President’s Office ordered the Union Solidarity and Development Party and other groups to return billions of kyat paid by artisan oil producers that were intended for development projects in Magway Region, but instead used for other activities during the previous government’s term.
The bank's deputy governor says that foreign lenders will soon have some restrictions lifted on offering services, after an assessment of the banking sector is finished.