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COVID-19 risks inflicting long-term economic pain on Myanmar

Even before COVID-19 hit Myanmar, businesses in the commercial capital were struggling. Ko Thaw Zin, who runs his own restaurant in Yankin township, struggled with a shortfall in revenue due to dwindling tourist arrivals as well as rising costs brought about by a government move to raise electricity tariffs – a move it said would end debilitating […]

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Crude crash ruins Singapore oil tycoon

SINGAPORE: Singapore tycoon O.K. Lim built up his oil empire from a single-truck outfit through hard work and high-risk gambles, a rags-to-riches tale that made him a legend among crude traders. But it all came crashing down when oil markets were plunged into unprecedented turmoil by the coronavirus pandemic and revealed the keen poker player […]

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Thailand: Fruit growers banking on various online platforms

The Commerce Ministry is teaming up with seven leading online platforms to sell premium-grade fruit, the latest attempt to help farmers dispose of produce during the harvest season. According to Commerce Minister Jurin Laksanawisit, the online channel will help fruit growers to drain their output now that several orchards are unable to export their produce […]

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