Myanmar Times Cites Asia Foundation Survey on Business Impact of Covid-19
June 15, 2020 — Myanmar Times cites data from The Asia Foundation’s latest national survey, Myanmar Business Environment Index: Covid-19 Impact on Business, assessing the pandemics impact on businesses across the country.
A nationwide poll of 750 local businesses—the largest survey so far of the impact of the pandemic—covered the two weeks ending May 10. During that period, 29pc had completely closed and 92pc reported lower sales due to COVID-19, with 74pc losing more than half of sales. The key reasons for reducing operations or closing were employee safety and lack of customers.
The Asia Foundation released the telephone survey results today (June 8) to gauge how the pandemic has affected business profitability, workforce and access to finance, as well as the impact of the government’s COVID-19 economic response for businesses.
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