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The progress includes a steady increase of fiscal input in the system, improved identification of potential beneficiaries and a further streamlined application process. A price subsidy mechanism has also been created to curb the impact of price hikes on benefit recipients, he said.

The price of oil is a proxy for future economic activity. Falling oil prices mean lower prices at the pump for consumers, but most have cut back on travel and this further reduces demand.

The president ordered the Committee on the Mitigation of the COVID-19 and the Economic Recovery, the Health Ministry, the State Armed Forces and the State Police to focus on the COVID-19 mitigation before the economic recovery.

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The project would enable China to have independently owned technology in the design, manufacturing, adjustment and appraisal of the high-speed maglev transportation system that promises faster speeds and reduced energy consumption.

The project is designed to expand both the airport's passenger and cargo capacity. It will enable the airport to handle 83 million passenger trips and 1 million tonnes of air cargo per year by 2030.

The priorities those cities had were just wildly out of whack, given the economic situation the country was in. And the more I looked into it, the more it became clear that this wasn’t just a sports thing – it happened with movies, hotels, sporting goods stores, etc. – and that it happened because America had been sold a big myth about corporate job creation.

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The project, which was launched on Jan 1, is open to youths between 16 and 24 and to college students who failed to find a job within two years of graduation.

The project is a part of routine protective renovation and will adhere to the principles of preserving cultural relics without changing their condition and minimum intervention.

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The president said that Malpass "has been a strong advocate for accountability at the World Bank," and that "he has fought to ensure financing is focused on the places and projects that truly need assistance, including people living in extreme poverty."

The presidential run was hosted by the Union Parliament to fill the vacancy left by U Htin Kyaw, who announced his resignation last week, citing his health as the reason.