Myanmar’s gemstones market, which remained closed for months, is now slowly picking up with some traders reopening their shops. The traders have prepared to resume the gemstone markets as soon as the government allows them. “Some shops in Bogyoke Market in Yangon now reopens but receive very few foot traffic. The market has yet to […]
Read MoreThailand’s cross-border trade fell by 9.7% year-on-year in the first five months of 2020 as the coronavirus ravaged the global economy and led neighbouring countries to close nearly all border checkpoints. The Foreign Trade Department on Thursday said the country’s overall cross-border trade, including transit trade, totalled 524.35 billion baht from January to May, with Malaysia […]
Read MoreThe New investment law is expected to make Cambodia an attractive destination for new investment and to improve the investment environment to keep the existing investments in the country. The law is currently in drafting stage and is expected to go online within this year, said Phan Phalla, Secretary of State at the Ministry of […]
Read MoreKUALA LUMPUR, July 10 ― As the median household income continues to grow in Malaysia, the latest official statistics showed that income inequality in the country has gone up in 2019 when compared to 2016. In the Household Income and Basic Amenities Survey Report 2019 released today, the Department of Statistics Malaysia’s (DOSM) figures showed […]
Read MoreMANILA, Philippines — The Philippine peso has emerged as the most stable currency among its Asian counterparts even amid the uncertainties caused by the COVID-19 pandemic, according to the Department of Finance (DOF). In a report, Finance Undersecretary and chief economist Gil Beltran said the peso remained resilient despite the headwinds faced by the global […]
Read MoreNearly three in four (72 percent) of Myanmar consumers have expressed a clear interest in adopting contactless card payments, according to the Visa Consumer Payment Attitudes Study. The study was conducted by ENGINE insights on behalf of Visa in August 2019 across Singapore, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, and Myanmar. The total sample size […]
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