SINGAPORE: Singapore’s central bank has told financial firms to be vigilant to any suspicious transactions or fund flows between the city-state and Myanmar, a circular seen by Reuters showed, citing concerns over the potential for financial crimes. In the Feb 25th circular, the Monetary Authority of Singapore (MAS) reminded all chief executives of financial institutions […]
Read MoreKUALA LUMPUR: There are no specific indications of Malaysian businesses pulling out of Myanmar following the coup early this month but some might rethink the decision if the situation worsens, said vice president of the Malaysian Economic Association Dr Evelyn S. Devadason. The University of Malaya professor said Myanmar is also highly unlikely to be […]
Read MoreMYANMAR’S recent military coup has likely slowed its economic recovery, but the main challenge will be foreign direct investment (FDI), watchers have said. Maybank Kim Eng expects gross domestic product (GDP) to grow by 3 per cent in FY2020/21, against an earlier forecast of 4.5 per cent, while growth in FY2021/22 could come in at […]
Read MoreSINGAPORE: A prominent Singapore businessman has said he will exit his investment in a tobacco firm linked to the Myanmar military, after the army deposed the country’s democratically elected government in a coup last week. Lim Kaling, co-founder and director of Hong Kong-listed gaming group Razer, said in a statement on Tuesday he was a […]
Read MoreFeb 1 marked a return to the dark days of military rule for Myanmar. Concerns abound about how the coup will not only destabilise any progress in building democratic principles, but also freeze lucrative foreign investments and economic liberalisation. The possibility of sanctions by Western nations grows by the day as US President Joe Biden […]
Read MoreBANGKOK (REUTERS) – Delivery Hero’s Asia-focused delivery platform Foodpanda on Thursday (Feb 4) said it would stick with plans to expand its grocery offerings in Myanmar, despite the uncertainty from a military coup this week. “Overall, in 2021, we definitely have it our plans to launch in these four markets,” its new verticals director Abhishek Sahay […]
Read More
Thailand
