Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]
Read MoreMANILA, Philippines — Deficit in the Philippines’ external payments position persisted in March 2018, putting the three-month tally above the central bank’s full-year deficit ceiling on the back of ballooning trade gap. Data released by the Bangko Sentral ng Pilipinas show the country’s overall balance of payments position, or BOP, swung to a $266 million […]
Read MoreThe government has issued a new warning to telecommunications companies that have yet to deliver outstanding payments to the Kingdom’s ministries, giving regulators until the end of the month to settle their debts. Cambodia’s telephone operating companies have been told “to settle any debts” owed to each of the two ministries by April 30, according […]
Read MoreAlibaba supremo Jack Ma has suggested that the group’s investment in Thailand will be at least US$3 billion (93.6 billion baht) over the next five years as the Chinese e-commerce giant seeks to capitalise on adoption of its platform and financial services by farmers and other underserved people. Asked what the company’s total investment in the […]
Read MoreKUALA LUMPUR/JAKARTA: Indonesian biodiesel makers are gearing up to boost exports after the European Union removed anti-dumping duties on shipments from some producers in the country, but rival suppliers in Malaysia are bracing for a slowdown in the wake of the move. After legal proceedings at the European Court of Justice, the EU last month […]
Read MoreThe implementation of a recently approved crop insurance scheme to protect farmers in Myanmar, while urgently needed, will face challenges as stakeholders grapple with the risks and complexities. In January, the Ministry of Planning and Finance approved a two-year pilot crop insurance project aiming to cover damages to crops as a result of erratic weather […]
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