Any business that fails to repay the loan will be dealt with in accordance with existing laws. In addition, such companies will receive negative credit ratings from the county’s credit bureau. This would make it difficult for them to obtain loans not only from banks, but also from non-bank financial institutions and the microfinance industry.
Since late January, the outbreak has hit Myanmar’s tourism, border trade and export sectors, causing massive losses for producers, exporters and workers. Airlines and hotels in the country have already suffered losses due to travel restrictions.