The Central Bank of Myanmar sold $10 million on January 13 at the rate of MMK1,778 per dollar. This is the third time that the Central Bank of Myanmar sells millions of dollars in January alone. The first time was $15 million sold on January 7 and another $15 million...
By P. Kandiah and Geetha Kandiah Moderna Inc., Sanofi, AstraZeneca plc, Roche, Gilead Sciences and Novartis are just some of the many pharmaceutical companies working to fast-track the development of a coronavirus vaccine. Many companies and research institutions from various countries are racing to develop the vaccine for COVID-19. Who...
China, Myanmar’s major trade partner, has closed all the border tradeposts on the Myanm-China border with the closure of Chin Shwe Haw border trade gate on October 6 with the excuses to curb the spread of COVID-19. China has restricted imports from Myanmar through a $450 million Chin Shwe since five...
Samsung Electronics has introduced its latest NEO QLED and QLED 4K TV lineups in Myanmar. The QLED 4K TV lineup comes with a slim design, amazing gaming experience, multiple voice assistants, vivid and real-life color mapping systems, a health screening tracking system, and an adaptive sound system with real-time...
BENGALURU, June 3 (Reuters) - India's government has approved Gilead Sciences Inc's antiviral drug remdesivir for emergency use for five doses in treating COVID-19 patients. Remdesivir, which is administered intravenously in hospital, is the first drug to show improvement in COVID-19 patients in formal clinical trials and is at the...
Central Bank of Myanmar has now allowed Authorized Dealer license holding banks and non-bank financial institutions to buy and sell Chinese yuan and Japan Yen, according to the notice issued on October 12. It has already allowed the US dollar, Euro, Singapore Dollar, Baht, and Ringgit to be traded in...
Yangon Gold Enterpreneur Association (YGEA) is working on innitiating Paper Gold scheme, which allows people to trade gold using the gold certificate issued by the banks. Under the paper gold system, gold is deposited at the banks as assets, for which the banks issue certificate equivalent to the deposited gold....
A KBZ Bank branch located on the Maha Bandoola Road between 47th and 48 streets was robbed by a group of masked robbers this afternoon, according to the locals near the branch. Now, security forces are investigating the nearby area and the robbers went away with K300 million, according to...
While there are frequent power outages in Myanmar, the Ministry of Electricity and Energy under the State Administration Council said, in its second announcement on reduced power generation, that the power outage will continue due to the reclining power generation capacity of large power plants in the national grid. The...
The Big Bad Wolf Book Sale, the World’s Biggest Book Sale, will be returning to Myanmar from December 23rd to 30th December 2020 – but this time the event will be held entirely online at the Big Bad Wolf Book Sale’s official website. Redesigned to cater to the current need...