U Kyaw Tin, Union Minister of the Ministry of International Cooperation, has requested China for early access to the COVID-19 vaccine.  “We need to increase collaboration between the developing country to respond to the health challenges we are facing and fight all forms of poverty. Myanmar is continuing its fight...
Jamie Freed (Reuters) HONG KONG Asian airlines are cautious about the outlook for 2020 after trade disputes undermined confidence and led to economic growth below initial forecasts this year, the head of the Association of Asia Pacific Airlines (AAPA) said on Monday. Airline passenger growth in Asia has moderated this year to...
By Brenna Hughes Neghaiwi and Simon Jessop ZURICH/LONDON (Reuters) - As stock markets roar back from the coronavirus-led rout, advisers to the world's wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks' cash splurge. Before the COVID-19 pandemic,...
Motoko Rich (New York Times) TOKYO Japan will spend nearly $120 billion to stimulate its slowing economy and to help some of the areas worst affected by Typhoon Hagibis, Prime Minister Shinzo Abe announced last week. The new spending plan is aimed at addressing a slew of economic challenges facing Japan’s longtime...
  The Central Bank of Myanmar has legalized interbank money market transactions in a bid to boost development of the banking and finance industry. Under the CBM’s directive, banks can carry out activities such as interbank lending, interbank savings and interbank trading in government securities. Banks can provide interbank loans with terms...
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...
Avis Myanmar plans to continue the investment by tripling the size of Avis Fleet in 2021 with estimated investment values around USD 4 million since it is optimistic about the prospect of the country after this challenging pandemic. The pandemic Covid-19 profoundly changed the global political and economic arena. With...
STOCKHOLM, June 3 (Reuters) - Volvo Cars, owned by China's Geely Holding, said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the spread of the COVID-19 pandemic started to ease in several markets. While still down 25.5% in May from a year...
Hannah Beech and  Ryn Jirenuwat (New York Times) KOH KHANUN, Thailand Crouched on the ground in a dimly lit factory, women picked through the discarded innards of the modern world: Batteries, circuit boards and bundles of wires. They broke down the scrap — known as hazardous electronic-waste, or e-waste — with hammers...
KBZ Bank and Tranglo, a cross-border payment hub, have formed a remittance partnership to facilitate inbound foreign money transfers directly into the accounts of KBZ Bank customers. Approved by the Central Bank of Myanmar, this service allows Myanmar workers in countries such as Malaysia, Singapore, and South Korea to...