By Karen Braun FORT COLLINS, Colo., May 19 (Reuters) - It was bad news for Australian barley growers on Monday as China applied an 80.5% import tariff on the grain, likely a similar gut-punch felt by U.S. soybean farmers when their trade was all but choked off with China two...
Hong Kong Financial regulators across Asia are creating new rules for online-only banks as they seek to shake up often staid markets, helped by technology firms which are able to operate at lower costs without needing physical branches. In Operation South Korea led the way with special rules for online-only banks in...
Myanmar has made progress in poverty reduction as the proportion of the population living in poverty declined by almost 50 percent between 2005 and 2017, according to the Poverty Report, issued by the World Bank, UNDP, and the Central Statistical Organization.  The proportion of the population living below the poverty line...
After the Central Bank of Myanmar has tightened the dollar exchange rate to between 0.5% of its reference rate by an order issued on November 9,  the dollar rate against Myanmar Kyat has dropped to MMK 1,778 per dollar today. Following the order, there were more buyers than sellers in...
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...
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...
This article was written by Sean Turnell and posted on East Asia Forum On 1 July 2020, the European Union and six of its member governments announced a moratorium on debt repayments due from Myanmar. The agreement allows Myanmar to ‘focus efforts on economic recovery from COVID-19’ and is worth...