Wayne Cole(REUTERS) SYDNEY The Australian dollar was heading for heavy weekly losses on Friday as rate-cut risk returned with a vengeance, while its New Zealand neighbour went the other way after a policy easing was ruled out for at least a couple of months. The Aussie was pinned at $0.6796, having lost...
Tabita Diela and Nilufar Rizki (REUTERS) JAKARTA Indonesia swung to a trade surplus in October due to a slower-than-expected drop in exports, despite weak global trade amid the U.S.-China trade war, data from the statistics bureau showed on Friday. Southeast Asia's largest economy recorded a trade surplus of $161.3 million in October,...
Myo Sandar/Myanmar Business Today Local and foreign microfinance institutions have provided a total of K172 billion in loans to 5.6 million people, representing 1.59 percent of GDP, according to Deputy Minister of Commerce U Maung Maung Win. “Those loans go directly to low-income people, because people with high income can get...
  Tin Mg Oo/Myanmar Business Today The Asian Development Bank will provide $51.2 million assistance to build all-weather rural roads in Ayeyarwady and Magway regions. The project will include upgrading about 152 k.m. of rural roads with paved surface and climate-resilient features across 150 villages in Ayeyarwady and Magway, two less-developed regions...
Ei Thandar Tun/Myanmar Business Today Following a one-year trial period ended September 30, during which visas on arrival were offered to visitors from Australia, Germany, Italy, Russia, Spain and Switzerland, Myanmar plans to extend the privilege to citizen of five other countries later this year. The five new countries include Hungary,...
Zin Thu Tun/Myanmar Business Today Myanmar recently played host to the 10th Regional Policy Dialogue on Technical and Vocational Education and Training (TVET), during which senior officials from ASEAN member states discussed TVET quality development and quality assurance. The Ministry of Education hosted the event at Wyndham Grand Yangon Hotel during...
Tin Mg Oo/Myanmar Business Today The government has been working to categorize mining plots in line with a newly adopted law, according to Dr. Ye Myint Swe, Deputy Minister of Natural Resources and Environmental Conservation. “We are preparing the land plots after Myanma Gems Enterprise and the ministry checked ground inspection...
  Myo Sandar/Myanmar Business Today The Ministry of Electricity and Energy is prepared to start granting licenses to operate village gas stations. The move is aimed to boost small and medium enterprises and the agricultural sector and to create jobs and income for local villagers. Applicants must be residents of the village...
Phyo Thu/Myanmar Business Today Myanmar people used to take so-called “pilgrimage tours” to major religious sites across the country. Long before tour companies became popular, people would travel to famous pagodas on a mini-bus called the BM bus, as air-conditioned express cars were not yet available. The itinerary almost never...
Ei Thandar Tun/Myanmar Business Today Four in 10 Myanmar people are interested in adopting biometrics for payment and authentication, according to a recent Visa study of consumer perceptions, attitudes and behaviors. Biometric systems including fingerprint, facial recognition, voice recognition, retinal scan and DNA recognition are increasingly used to complement or replace...