Telenor Group has announced today that it has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. The...
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...
PENANG, Malaysia Tech firms at Malaysia’s one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers. Semiconductor test equipment manufacturer Pentamaster Corp. saw its...
Myanmar Airways International's 4th Airbus 320 has arrived at Yangon International Airport on November 1, 2021. The newly arrived Airbus 320 was added to the MAI fleet along with three Embraer E190s, three Airbus 320s, and four Airbus A319s. Currently, the Department of Civil Aviation has extended the Effective Period...
BEIJING Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will start allowing third-party vendors to offer services such as food delivery and hotel bookings on its Alipay mobile payment platform in an expansion beyond its financial services focus. Alipay traditionally competes against Tencent Holding’s WeChat pay in China for mobile...
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,...
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...
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...
SYDNEY Qantas Airways plans to have more experienced pilots on board the world’s longest non-stop flights than on its current long-haul flights for the first 18 months as it evaluates fatigue, said sources with knowledge of the matter. The airline said it could buy up to 12 Airbus SE A350 planes...
"Fix the money, fix Myanmar" This is the slogan of Myanmar Dollar-MYD, the newly emerged cryptocurrency, which is intended to counter the junta’s grip on Myanmar Kyat. This is one of the facets of the revolution against the coup. Unlike A-May Suu Token, a crypto token that emerged after the...